PRZOOM - /newswire/ -
Alexandria, VA, United States, 2010/05/04 - VSE Corporation (Nasdaq: VSEC) announced that Clifford M. Kendall, a director of VSE since 2001, has been appointed Non-Executive Chairman by the board of directors. NASDAQ: VSEC
His appointment follows the resignation of Donald M. Ervine as Non-Executive Chairman. Mr. Ervine will remain on the VSE board.
A veteran of the IT services industry, Mr. Kendall has 40 years of leadership experience, including 27 years as Chairman and 21 years as CEO of Computer Data Systems, Inc, a company that was founded in 1968. Mr. Kendall also currently serves as Chairman of the Board of Regents of the University of Maryland.
“On behalf of the board and management team, I want to thank Don for his outstanding service to VSE during his long and dedicated tenure with the company,” said Mr. Kendall. “His leadership has been instrumental to the growth of the company, and we look forward to his continued contributions to the VSE board.”
Mr. Ervine said,” The transition process to the new CEO has been successfully completed. After eighteen years as Chairman, for a variety of personal reasons, I have decided to step down from the Chairmanship. Cliff’s keen business acumen and wealth of leadership experience make him an ideal person to lead our board. We have been fortunate to have Cliff as a board member, and I look forward to his leadership as our board chairman.”
VSE (vsecorp.com) is a diversified Federal Services company of choice with over 50 years of experience in solving issues of global significance with integrity, agility, and value. VSE is dedicated to making our clients successful by delivering talented people and innovative solutions for logistics, engineering, IT services, construction management and consulting. For additional information on VSE services and products, please see the Company's website or contact Randy Hollstein, VSE Corporate Vice President of Sales and Marketing, at (703) 329-3206.
VSE encourages investors and others to review the detailed reporting and disclosures contained in VSE’s public filings with the U.S. Securities and Exchange Commission for further information and analysis of VSE’s financial condition and results of operations. The public filings include additional discussion about the status of specific customer programs and contract awards, risks, revenue sources and funding, dependence on material customers, and management’s discussion of short and long term business challenges and opportunities.
This news release contains statements that to the extent they are not recitations of historical fact, constitute “forward looking statements” under federal securities laws. All such statements are intended to be subject to the safe harbor protection provided by applicable securities laws. For discussions identifying some important factors that could cause actual VSE results to differ materially from those anticipated in the forward looking statements in this news release, see VSE’s public filings with the Securities and Exchange Commission, including VSE’s annual report on Form 10-K for the year ended December 31, 2009 and subsequent reports filed with the Securities and Exchange Commission.