washingtonpost.com  > Technology > Washtech

Quick Quotes

SRA Founder to Step Down as Chief Executive

By Ellen McCarthy
Washington Post Staff Writer
Friday, October 29, 2004; Page E05

Ernst Volgenau, founder of SRA International Inc., said yesterday he will step down as chief executive of the company in January but will continue to serve as chairman of the board.

Renato A. DiPentima, who serves as the Fairfax company's president and chief operating officer, will become chief executive.

_____Local Tech News_____
ISPs File Suits Against Spammers (The Washington Post, Oct 29, 2004)
DreamWorks Spinoff Sees Shares Rise 38% 1st Day (The Washington Post, Oct 29, 2004)
28 Identity Theft Suspects Arrested in Transatlantic Sting (The Washington Post, Oct 29, 2004)
More Headlines
Tech Events Calendar
_____Government IT News_____
Firms Vie for Air Force Space Command Work (The Washington Post, Oct 25, 2004)
State Government IT (Live Online, Oct 22, 2004)
DEA Withdraws Its Support Of Guidelines on Painkillers (The Washington Post, Oct 21, 2004)
More Government IT News

Volgenau, 71, founded the company in 1978. He has served as chief executive for 26 years and led SRA's growth into a 3,500-employee company that posted a $38.9 million profit on $615.8 million in revenue for the fiscal year ended June 30.

SRA builds communications networks and data-mining tools, integrates and maintains technology infrastructure and offers technical services to government clients. Customers in the homeland security market, including the Department of Defense, accounted for $380.6 million in revenue for the year.

The company raised about $103.5 million in an initial public offering in May 2002.

"This is a great market. The government [information technology] services market has been a great market for more than four years," Volgenau said yesterday, "and it will continue indefinitely in my view."

Volgenau said he is stepping down to spend more time with his family and to teach and write about technology and business. He said he also plans to do more philanthropic work, particularly to help inner-city children. Volgenau said he will stay active in the company and plans to be in the Fairfax office three days a week.

DiPentima, who had been deputy commissioner for systems at the Social Security Administration, joined SRA in 1995. David A. Kriegman, director of SRA's defense sector, will become chief operating officer.

Shares of SRA fell 33 cents yesterday to close at $55.02.

© 2004 The Washington Post Company