Admiral Vernon Clark Becomes Chairman of the Board of SRI International

MENLO PARK, Calif., March 30 /PRNewswire/ -- SRI International, an independent nonprofit research and development institute, announced today that Admiral Vernon Clark has been elected Chairman of SRI International's Board of Directors. Samuel Armacost, who has been Chairman of SRI's Board since 1998, will remain on the Board, continuing his three decades of service to SRI.  

Admiral Clark will spend time at SRI in Menlo Park and in Washington, D.C., which is near many of SRI's R&D funders such as the Department of Defense, DARPA, National Science Foundation, National Institutes of Health, Department of Education, and other government agencies. SRI, based in Silicon Valley, has been expanding on the East Coast, recently opening new research facilities in Shenandoah Valley, Virginia and St. Petersburg, Florida.

Admiral Clark joined SRI's Board in 2007. He retired from the U.S. Navy in 2005 after completing the Navy's second-longest tenure as Chief of Naval Operations.  He is a member of the Defense Policy Board and is a distinguished businessman, currently serving on the Boards of Raytheon Company, Horizon Lines, Rolls Royce North America, and the World Board of Governors of the USO.

"SRI is an extraordinary research institute addressing some of society's most important challenges in fields such as national security, communications, energy, health, education, and economic development. As Chairman I will focus on guiding the organization's continuing growth as it delivers solutions to the public and private sectors, and will work with dedicated staff throughout SRI to assist them in achieving their goals," said Admiral Clark. "I am very grateful to Sam Armacost for his dedicated service as Chairman. I look forward to continuing to work with him and the rest of the SRI Board and with SRI's executive team."

"Admiral Clark becomes Chairman of SRI as the organization is poised to make even greater contributions to our nation and to the world. His presence in Washington, D.C. on SRI's behalf is an important step in furthering our strategic initiatives," said Mr. Armacost. "SRI innovations have created whole new industries and tremendous market value. It has been a privilege to serve as Chairman and to continue to serve on the Board."

Mr. Armacost has been a member of SRI's Board of Directors since 1981. For more than 22 years, he worked at Bank of America and BankAmerica Corporation, where he was President and CEO from 1981 to 1986. In addition to SRI, Mr. Armacost is currently on the Boards of Sarnoff Corporation (a wholly owned subsidiary of SRI International), Callaway Golf Company, Chevron Corporation, Del Monte Foods, Exponent, Inc., and Franklin Resources, Inc.

In addition to Admiral Clark and Mr. Armacost, the SRI Board of Directors includes:  Richard Brewer, President and CEO, ARCA Discover; Mariann Byerwalter, Chairman, JDN Corporate Advisory LLC; Curtis R. Carlson, President and CEO, SRI International; Charles Holloway, Kleiner Perkins Caufield & Byers Professor of Management (Emeritus), Stanford University Graduate School of Business; Lieutenant General Leslie Kenne, U.S. Air Force (retired), now President, The Kenne Group, Inc.; Henry Kressel, Partner and Senior Managing Director, Warburg Pincus; Philip Quigley, Chairman and CEO (retired), Pacific Telesis Group; and John J. Young Jr., former Under Secretary of Defense for Acquisition, Technology and Logistics, now Vice President, Business Development, E6 Partners.

About SRI International

Silicon Valley-based SRI International is one of the world's leading independent research and technology development organizations. SRI, which was founded by Stanford University as Stanford Research Institute in 1946 and became independent in 1970, has been meeting the strategic needs of clients and partners for more than 60 years. Perhaps best known for its invention of the computer mouse and interactive computing, SRI has also been responsible for major advances in networking and communications, robotics, drug discovery and development, advanced materials, atmospheric research, education research, economic development, national security, and more. The nonprofit institute performs sponsored research and development for government agencies, businesses, and foundations. SRI also licenses its technologies, forms strategic alliances, and creates spin-off companies. In 2009, SRI's consolidated revenues, including its wholly owned for-profit subsidiary, Sarnoff Corporation, were approximately $470 million.

SOURCE SRI International