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Nichols Research Announces New President and Chief Operating Officer.

HUNTSVILLE, Ala.--(BUSINESS WIRE)--Oct. 26, 1998--Michael J. Mruz, Chief Executive Officer of Nichols Research Corporation (NASDAQ:NRES), today announced that Charles A. Leader, 47, has been named President and Chief Operating Officer of Nichols. He will assume his duties in Washington, DC, November 2, 1998.

From 1994 to 1998, Mr. Leader was an executive with Hughes Aircraft Company, starting as a Transition Executive with responsibility for integrating several business units into a single $7 billion company. In 1995, he was named President of Hughes Information Technology Systems, a $1 billion software intensive systems integration company. In 1997, he was named President of Hughes Information Systems, a $2.8 billion information systems, training, and professional services firm. Prior to his Hughes tenure, he was with McKinsey & Company, Inc. where he had a successful 10-year career, attaining partner status. He was co-leader of McKinsey's Aerospace/Defense Practice and an active member of its automotive, electronics, and manufacturing practice areas.

"Charlie Leader brings to Nichols a diverse and mature base of business experience which fits well with our strategic direction and vision. His large scale systems integration experience at a major information technology (IT) systems integrator, complemented by his commercial IT consulting experience at a leading management consulting firm, will reinforce key growth initiatives in our government and commercial markets," Mruz stated. "Charlie will also significantly aid the development of key Nichols leaders by blending his knowledge and experience in institutionalizing analytical processes and methodologies with the well-established Nichols technology base, a key corporate strategic goal."

Mr. Leader stated, "I am excited to play a role in building on the traditions of excellence and high performance that define the Nichols corporate character. The Company is well positioned to continue its strategy of focused growth and I look forward to working with the outstanding technical and management team at Nichols to ensure ongoing success."

Mr. Leader received a Bachelor of Arts degree from the University of Notre Dame in 1973 and joined the United States Marine Corps where he was an infantry officer and parachutist. He received an MBA from the Harvard Business School in 1984. He and his wife Becky have three children and reside in McLean, Virginia.

Nichols Research Corporation, headquartered in Huntsville, Alabama, provides IT and technical services for the Department of Defense, federal civilian agencies, state government clients, and commercial clients. The company has 31 locations throughout the United States, employing approximately 3,000 employees with almost a third located in the Washington, DC metropolitan area. Additional information may be found at Nichols' web site: The Company's stock is traded under the Nasdaq market symbol: NRES.

Except for historical information contained herein, this release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934. These forward-looking statements can be generally identified as such because the content of the statement will usually contain words such as the Company or management "believes," "anticipates," "expects," "estimates," "hopes," and words of similar import. Similarly, statements that describe the Company's future plans, objectives, goals or strategies are forward-looking statements. Such forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. These risks and uncertainties are discussed in more detail in the Company's Annual Report on Form 10-K for the fiscal year ended August 31, 1997, including the Management's Discussion and Analysis of Financial Conditions and Results of Operations section of that Annual Report.
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Publication:Business Wire
Geographic Code:1USA
Date:Oct 26, 1998
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