Bill Ballhaus Ends Tenure as DynCorp CEO, Joins Parent Cerberus as Adviser

DynCorp International CEO and President Bill Ballhaus has announced his resignation from the security contractor. He will remain on the company’s board of directors as vice chairman and will also become strategic adviser to DI’s parent, Cerberus Capital Management L.P.

Cerberus acquired DynCorp earlier this year for approximately $1.5 billion. ExecutiveBiz named Ballhaus a “Person to Watch” in 2009.

“Over the past two years the DI team has accomplished great things: We redefined our core values, strengthened our leadership programs, entered new business sectors and expanded our global footprint,” Ballhaus said. “The company is now in a position of strength and, while I am stepping down from my day-to-day role, I look forward to remaining actively engaged in DI’s future through my involvement on the board and as a senior adviser to its owners.”

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