Lawrence C. Nussdorf Elected to SAIC Board of Directors
MCLEAN, Va., Sept. 20 /PRNewswire/ -- SAIC, Inc. (NYSE: SAI) announced today that Lawrence C. Nussdorf has been elected as a member of the SAIC Board of Directors effective Sept. 16, 2010. He is an independent director and will serve on the Audit Committee and Finance Committee.
Nussdorf has been president and chief operating officer of Clark Enterprises, Inc., a privately held investment and real estate company, since 1998. He has managed the day-to-day operations of the company for more than 30 years, and is responsible for all aspects of its financial, investment and legal activities and directs the company's business strategies for growth and diversification.
Nussdorf received his bachelor's degree in economics from the Wharton School of the University of Pennsylvania, a law degree from Rutgers School of Law, and a Masters of (Tax) Law from Georgetown University Law Center.
"Larry's business and leadership experience makes him an ideal fit for our board," said A. Thomas Young, Chair of the SAIC Board of Directors. "His strengths and skills complement those of our existing board members and we expect he will provide an invaluable perspective as we remain focused on helping ensure that SAIC is well-positioned for growth."
About SAIC
SAIC is a FORTUNE 500® scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The company's approximately 45,000 employees serve customers in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. Headquartered in McLean, Va., SAIC had annual revenues of $10.8 billion for its fiscal year ended January 31, 2010. For more information, visit www.saic.com. SAIC: From Science to Solutions®
Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2010, and other such filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.
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SOURCE SAIC
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