Robert H. Smith School of Business
The Motley Fool

Market Foolery Featured Podcasts

  • MarketFoolery: 12.18.2014
    Rite Aid soars. America runs away from Dunkin’ Brands.  And Oracle closes in on an all-time high. Plus we discuss investing opportunities in Cuba.
  • MarketFoolery: 12.17.2014
    Motley Fool Funds analyst Bill Barker breaks down the latest earnings reports from FedEx, Darden Restaurants and General Mills.  Plus we discuss the relative importance of analyst upgrades & downgrades.
  • MarketFoolery: 12.16.2014
    Motley Fool Funds analysts Tim Hanson and Nate Weisshaar analyze Russia’s rising interest rate and falling ruble.  Plus, they share insights (and travel tips) from their recent trips to South Korea and Brazil.
Capital Business
Posted at 10:20 AM ET, 02/21/2012

SAIC names Jumper next CEO

McLean-based contracting giant Science Applications
SAIC headquarters in McLean. (Jeffrey MacMillan - Capital Business)
International Corp. has named John P. Jumper, the former chief of staff of the Air Force, as its next chief executive starting March 1.

Jumper succeeds Walter P. Havenstein, who led SAIC for about two years and announced last fall that he would depart in June.

Jumper inherits a company with a storied history but a number of problems. Like many other contractors facing declining government spending, SAIC has recently seen reduced sales and profit. The company also is dealing with a scandal surrounding a New York City contract to manage an employment timekeeping system called CityTime. Last year, SAIC said three executives had been removed in connection to that program—though the company stressed there is no evidence any of them were personally involved with the fraud.

A member of SAIC’s board since 2007, Jumper retired from the Air Force in 2005 after a nearly 40-year career. He had served as Air Force chief of staff since 2001.

By  |  10:20 AM ET, 02/21/2012

 
Read what others are saying
     

    © 2011 The Washington Post Company