MCLEAN, Va., Jan. 25 /PRNewswire-FirstCall/ -- Global Defense Technology & Systems, Inc. (Nasdaq: GTEC) announced today that Joseph M. Cormier has joined the company as Senior Vice President of Finance. Mr. Cormier is joining GTEC from ManTech International Corporation where he was the corporate officer who led and executed ManTech's mergers & acquisitions (M&A), capital structure and investor relations programs.
"It gives me great pleasure to welcome Joe Cormier to GTEC. His extensive experience and expertise in finance, mergers & acquisitions and investor relations will be critical in helping us achieve our growth goals over the next several years," said John Hillen, President & CEO of GTEC. "Joe will be a key member of the senior management team, and we look forward to working with him as we continue to make GTEC a leading national security mission partner."
Jim Allen, Executive Vice President and Chief Financial Officer of GTEC, stated, "Joe has a proven track record of leading and executing strategic growth plans through a company's full life-cycle. His financial acumen is critical as we look to leverage our capital structure to achieve our growth goals through organic business development and our focused M&A program. We will leverage his familiarity with the investment community as we expand GTEC's brand and reach in the market."
"I am very excited to join the GTEC management team and help build the company into a leader in the federal government services space," said Joseph M. Cormier, GTEC Senior Vice President of Finance. "GTEC's mission-focused culture and history of serving US national security interests across the world offers a great platform for growth and I see significant opportunities to drive the company's strategic plan to enhance shareholder value."
Before joining GTEC, Mr. Cormier was a core member of the senior executive team that enabled ManTech International Corporation to grow into a $2 billion-a-year business. Since joining the company in 2005 he led ManTech's M&A program, completing nine significant acquisitions, established the company's new credit facility and oversaw their investor relations program.
Prior to ManTech Mr. Cormier was Vice President, Corporate Development of DigitalNet Holdings, where he was instrumental in taking the company public in 2003 and positioning it for its sale in 2004 to BAE Systems. He began his career at Banc of America Securities as an investment banker, where he completed numerous equity and debt financings and M&A advisory transactions for technology companies. Mr. Cormier earned a Bachelor of Arts in Economics & Political Science from Columbia University.
About Global Defense Technology & Systems, Inc.
Global Defense Technology & Systems, Inc. (Nasdaq: GTEC) provides mission-critical technology-based systems, solutions, and services for national security agencies and programs of the US government. Our services and solutions are integral parts of mission-critical programs run by the Department of Defense, Intelligence Community, Department of Homeland Security, federal law enforcement agencies, and other parts of the federal government charged with national security responsibilities. Learn more about GTEC at www.gtec-inc.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this announcement other than historical data and information constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements or industry results to be very different from the results, performance or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in Global Defense Technology & Systems, Inc.'s final prospectus relating to the offering, and such other filings that Global Defense Technology & Systems, Inc. makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.
SOURCE Global Defense Technology & Systems, Inc.