Printer Friendly

LETO APPOINTED PRESIDENT AND CHIEF EXECUTIVE OFFICER OF PRC

 MCLEAN, Va., Jan. 13 /PRNewswire/ -- PRC announced today that James J. Leto has been named president and chief executive officer of the company. Leto, formerly executive vice president, had been serving as acting general manager of PRC since September 1992.
 He succeeds Gary D. Kennedy, who took a medical leave of absence in the fall to undergo brain surgery. While Kennedy is expected to make a complete recovery, he has decided not to return to PRC and, when fully recuperated, will undertake full-time volunteer missionary service for his church as a mission president.
 Leto, 48, joined PRC in January 1992 as senior vice president for business development and a few months later was appointed senior vice president and general manager of the Engineering Technology Group, a 2,700-employee, $225 million business unit that provides systems engineering, development and integration, as well as professional services in the areas of command, control, communications and intelligence. This unit, together with PRC's Applied Management Group, now constitutes a recently formed Federal Systems Group.
 Leto was formerly vice president of AT&T's Federal Computer Systems Division, which more than tripled its government revenue base during the three years that he directed this operation. Prior to his federal assignment, he had been president of AT&T Canada Inc. and a managing director of AT&T International. Prior to joining AT&T in 1977, Leto spent nine years at Michigan Bell.
 Nolan D. Archibald, chairman and chief executive officer of PRC's parent company, The Black and Decker Corporation (NYSE: BDK), commented, "We greatly appreciate the contribution that Gary Kennedy has made to PRC and wish him both a speedy recovery and success in his volunteer mission.
 "He leaves behind a seasoned management team, which has achieved an impressive string of new business wins over the last 12 months. These include the prestigious U.S. Department of Defense Super- Minicomputer procurement, the Advanced Weather Interactive Processing System (AWIPS) contract, and document imaging contracts with Mobil Corporation, Philip Morris, Deere and other major commercial firms, as well as Australian Defence Industries.
 "Jim Leto has proven his leadership ability at PRC and elsewhere. Through 25 years of domestic and international experience in this industry, he has developed both a superior understanding of information technology and a strong commitment to meeting or exceeding customers' needs. We are delighted with PRC's recent successes and the caliber of its employees, and we look forward to reaching new levels of excellence under Jim and his management team."
 In October 1992, PRC was awarded the U.S. Defense Department's Super-Minicomputer procurement. With the potential to generate between $1.7 billion and $2.5 billion in revenues over a nine-year term, this is one of the largest contracts ever awarded by the federal government for the acquisition and integration of computer- based systems.
 In December 1992, the Advanced Weather Interactive Processing System (AWIPS) contract was awarded to PRC by the National Oceanic and Atmospheric Administration (NOAA). This 11-year contract, worth approximately $227 million, involves updating the computer and communications systems that support the National Weather Service. Describing the importance of the award, the Department of Commerce said that, "In the hands of National Weat"
 Headquartered in McLean, PRC provides information systems and services to government and commercial clients worldwide. With revenues of approximately $700 million, PRC employs 7,200 people working in over 200 offices.
 -0- 1/13/93
 /CONTACT: Chuck Taylor, 703-556-2749, or Karen Vahouny, 703-556-1049, both of PRC/
 (BDK)


CO: PRC; The Black and Decker Corporation ST: Virginia IN: CPR SU: PER

DC -- DC012 -- 4442 01/13/93 13:26 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 13, 1993
Words:597
Previous Article:CENTRAL FIDELITY ANNOUNCES 3-FOR-2 STOCK SPLIT AND DIVIDEND INCREASE
Next Article:OVER-ALLOTMENT OF EXSTAR FINANCIAL CORPORATION INITIAL COMMON SHARES FULLY EXERCISED, COMPLETING THE OFFERING
Topics:


Related Articles
PRC WINS CONTRACT WORTH UP TO $2.5 BILLION
PRC WINS $75 MILLION FBI CONTRACT
JAMES J. LETO ELECTED GTSI DIRECTOR
JAMES LETO NAMED NEW PRESIDENT, CEO OF NETWORK IMAGING CORPORATION
JAMES LETO NAMED NEW PRESIDENT, CEO OF NETWORK IMAGING CORPORATION
Leto Elected Chairman of Network Imaging
Robbins-Gioia CEO Jim Leto Joins EzGov Board of Directors.
Mervyn's Appoints Rick Leto President and Chief Merchandising Officer.
MERVYN'S NAMES FORMER KOHL'S VP PRESIDENT.
GALYANS Announces Appointment of President and Chief Merchandising Officer.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters