Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

  • Login

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Advertisement

Header Primary Menu

  • Issues
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • Issues Archive
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Home News Perspecta CEO Mac Curtis retiring; Peraton CEO Stu Shea taking reins

Perspecta CEO Mac Curtis retiring; Peraton CEO Stu Shea taking reins

Leadership shift to take place after Peraton closes $7.1B Perspecta acquisition

Published February 12, 2021 by Kate Andrews

Mac Curtis, chairman, president and CEO of Perspecta Inc.

Mac Curtis, the president, chairman and CEO of Chantilly-based federal IT contractor Perspecta Inc., plans to retire this year and will be replaced by the head of Peraton Inc., the Herndon-based national security contractor that is acquiring Perspecta, according to documents filed with the U.S. Securities and Exchange Commission.

In an undated letter to employees, Curtis announced he will retire after Peraton closes on its $7.1 billion all-cash acquisition of Perspecta, announced on Jan. 27 and expected to occur during the first half of 2021. Peraton Inc. Chairman, President and CEO Stu Shea will oversee the combined companies, which will retain the Peraton name, according to a second letter filed with the SEC on Feb. 2 by Ramzi Musallam, CEO and managing partner of private investment firm Veritas Capital, Peraton’s parent company.

“There have been many questions about my role going forward,” Curtis wrote to Perspecta staff members, “so I’d like to address the speculation directly and share some personal news with you. It is my intent to retire after this transaction closes. This is not a goodbye note in any way — there is much important work still to do! I felt it was important to share this decision so rumors do not distract us at this crucial time. Serving as Perspecta’s chairman and CEO has been the honor of my lifetime. I will remain your leader, champion and voice as we navigate through this intricate process together.”

Veritas Capital has been an investor in Perspecta since its June 2018 founding as a publicly traded company — the result of a three-way merger between Vencore Holding Corp., KeyPoint Government Solutions and the U.S. public sector business of DXC Technology. Veritas Capital held 14.5% of Perspecta’s shares before Peraton’s purchase announcement and has had a long relationship with Curtis, who has led three companies partly owned by the firm. Prior to leading Perspecta, Curtis was Vencore’s president and CEO.

At the beginning of February, Peraton closed its $3.4 billion acquisition of Northrop Grumman Corp.’s federal IT and mission support services business, and a few days later Peraton announced it was restructuring the company into four sectors led by four presidents: Space & Intelligence, Cyber Mission, Global Defense & Security and Civil & Health.

Shea

“One of the reasons Perspecta has been a powerhouse is due to the leadership of its chairman and CEO, Mac Curtis,” Musallam wrote. “I hope you will join me in thanking Mac for his tremendous service to Perspecta and wishing him well in his retirement. I have had the personal honor of knowing Mac for over 15 years. Mac led three predecessor companies owned by Veritas Capital — Vangent, Vencore, and Perspecta — and additionally served as a director on the boards of two other Veritas portfolio companies — CRGT and Truven Health Analytics. Mac was a valuable senior adviser to Veritas for years, and I have been grateful for his contributions to the firm.”

In 2019, Perspecta acquired Knight Point Systems for $250 million and won an $824 million contract with the National Geospatial Intelligence Agency and a $657 million extension on its IT services contract for the Navy. Curtis also won the 2019 Greater Washington GovCon Award for Executive of the Year from the Northern Virginia Chamber of Commerce and the Professional Services Council. Last year, Perspecta unsuccessfully challenged the March 2020 award of the Navy’s $7.7 billion IT services contract to Leidos Holdings Inc. Perspecta previously held the contract, which included hardware products.

Shea designed some of the CIA’s earliest computer systems and is the founder and emeritus chairman of the U.S. Geospatial Intelligence Foundation. He’s also the former president and COO of Leidos Holdings Inc. and guided the corporate division of Science Applications International Corp., into Leidos and a new SAIC.

 

Subscribe to Virginia Business.

Get our daily e-newsletter.

Related Stories

Virginia Business logo

Peraton announces business sectors, leadership appointments

Growing Herndon contractor is acquiring Perspecta for $7.1B and recently purchased a Northrop Grumman division

Virginia Business logo

Herndon defense contractor acquires cyberservices provider

ManTech International Corp. acquires Minerva Engineering

Virginia Business logo

Herndon tech company buys Vienna-based IT defense biz from AT&T

Tyto Athene acquires AT&T's Government Solutions Inc. division

Trending

13th annual Best Places to Work

Making strides

It’s back!

After the crisis

Fort Monroe development moving forward

Sponsored Stories

Working at Pinnacle Financial Partners

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Advertisement

Advertisement

Trending

13th annual Best Places to Work

Making strides

It’s back!

After the crisis

Fort Monroe development moving forward

Sponsored Stories

Working at Pinnacle Financial Partners

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2023 Virginia Business. All rights reserved.

Site Maintained by TechArk