CEO Nazzic Keene to retire Oct 2, 2023; Toni Townes-Whitley named successor

Science Applications International Corp

Townes-Whitley joins SAIC as CEO-elect on June 12 and becomes CEO Oct 2, also joining the Board.
Keene receives $1.25M transition payment plus continued salary and benefits through Feb 2, 2024.
Townes-Whitley's FY2024 compensation: $1.2M base salary, 140% STI target, $6.35M in LTI awards.
Townes-Whitley previously led Microsoft's U.S. Regulated Industries, managing ~$16B revenue and 5,200 staff.
Under Keene, SAIC grew GTAs to ~30% of revenue and shares outperformed Russell 1000 Value Index since 2020.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Toni Townes-Whitley

Chief Executive Officer

SAIC · Science Applications International Corp

Effective: 2023-10-02
Filed: May 18, 2023, 7:59 PM ET

On May 15, 2023, Toni Townes-Whitley was appointed as CEO-elect of the Company, effective as of June 12, 2023, and was appointed to succeed Ms. Keene as Chief Executive Officer of the Company effective as of the Effective Date and as a member of the Board

Departed

Nazzic S. Keene

Chief Executive Officer

SAIC · Science Applications International Corp

Effective: 2023-10-02
Successor: Toni Townes-Whitley
Filed: May 18, 2023, 7:59 PM ET

On May 18, 2023, Science Applications International Corporation (the “Company”) announced the retirement of Nazzic S. Keene as Chief Executive Officer of the Company, effective as of October 2, 2023

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Toni Townes-Whitley was appointed as Chief Executive Officer at Science Applications International Corp.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On May 15, 2023, Toni Townes-Whitley was appointed as CEO-elect of the Company, effective as of June 12, 2023, and was appointed to succeed Ms. Keene as Chief Executive Officer of the Company effective as of the Effective Date and as a member of the Board

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Nazzic S. Keene retired as Chief Executive Officer at Science Applications International Corp.

Action: retired
Role: Chief Executive Officer

Exact text from the filing

On May 18, 2023, Science Applications International Corporation (the “Company”) announced the retirement of Nazzic S. Keene as Chief Executive Officer of the Company, effective as of October 2, 2023

View on SEC.gov

Science Applications International Corp filing history →

Source: SEC EDGAR

accession 0001193125-23-148120

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