American Systems Corporation Names New CEO.CHANTILLY, Va. -- American Systems Corporation (ASC ASC Ambulatory surgery center, see there ), one of the largest locally based federal contractors in the D.C. area, announced today that it has appointed William C. Hoover, President and Chief Executive Officer, effective June 27, 2005. A well-known and respected executive in the information systems and services sector, Mr. Hoover brings more than 25 years experience in managing growth, building shareholder value and leading dynamic organizational change. He formerly held positions as President & Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Dynamics Research Corporation Dynamics Research Corporation (NASDAQ: DRCO) is a United States-based publicly held defense contractor. DRC was founded in 1955 by a small group of engineers from the Charles Stark Draper Laboratory of the Massachusetts Institute of Technology. ; President & Chief Operating Officer of PRC, Inc.; and Executive Vice President of BDM BDM Black Divorced Male BDM Business Development Manager BDM Background Debug(ger) Mode BDM Bund Deutscher Mädel (League of German Girls during the Third Reich, akin to Hitler Youth) International. "I have known and worked with Bill for 20 years and am extremely pleased that he will lead ASC during this exciting time," said Don Burklew, chairman of ASC's Executive Search Committee. "I am very confident that he will make an immediate and positive impact on the company." "ASC is an exciting company and I am pleased to join it," said Bill Hoover, "I am a strong proponent of employee ownership and, with the other employees of ASC, look forward to continuing to build the value of our company." Mr. Hoover is a graduate of the U.S. Naval Academy, attended the University of Michigan's Executive Management Program, and resides in McLean, Virginia McLean is an unincorporated community located in Fairfax County in Northern Virginia. A small geographic area along Chain Bridge Road in Arlington County has a 22101 zip code and is also part of McLean. with his family. Mr. Hoover has been active in various professional and civic organizations including ITAA (Information Technology Association of America, Arlington, VA, www.itaa.org) Formerly the Association of Data Processing Service Organizations (ADAPSO). A membership organization founded in 1960 that defines performance standards, improves management methods and monitors government , Electronics Industry Association, AFCEA AFCEA Armed Forces Communications & Electronics Association , Leukemia Society of America and Marymount University Marymount University is a coeducational, four-year Catholic university whose main campus is located in Arlington, Virginia. History Marymount was founded in 1950 by the Religious of the Sacred Heart of Mary (RSHM) as Marymount College, a two-year women's school. Business School Board of Advisors among other organizations. ASC is a 100% employee owned company and has achieved phenomenal success in the 7 1/2 years that it has been 100% employee owned. Specifically, its revenues and profits have more than quadrupled and its stock value has grown at a 30% compound growth rate over the last six years. Mr. Hoover and ASC are extremely excited about their future relationship and the future success of the Company. About American Systems Corporation (ASC) ASC is a privately held, employee-owned company headquartered in northern Virginia. The company employs approximately 1,400 employees in 22 offices nationwide and provides a full range of information technology, consulting, and training services. ASC business lines include systems engineering and professional technical services, training services and simulation products, software development, systems and network integration, national rollouts of network and point-of-sale systems, security solutions, and related information technology services. ASC serves clients in the government, defense, telecommunications, commercial, and retail markets. ASC has enjoyed tremendous growth over the past ten years and is now one of the largest Employee Stock Ownership Plan (ESOP ESOP See: Employee Stock Ownership Plan ESOP See Employee Stock Ownership Plan (ESOP). ) companies in the country. The company has successfully completed five major acquisitions in the past four years. For more information, please visit www.2asc.com |
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