SAIC Announces CEO Transition
SAIC (Nasdaq: SAIC) announced that Director James Reagan has been appointed Interim CEO, effective October 23, 2025, succeeding Toni Townes-Whitley.
Mr. Reagan has nearly two decades of senior defense and government services leadership, served as Executive VP & Chief Financial Officer at Leidos, previously held CFO roles at Vencore, PAE and other firms, and has been a SAIC board member since January 2023. The Board now comprises 11 directors, 10 independent.
The company reaffirmed fiscal year 2026 guidance originally provided on September 4, 2025, while warning a prolonged federal government shutdown could impair its ability to achieve that guidance.
SAIC (Nasdaq: SAIC) ha annunciato che il direttore James Reagan è stato nominato CEO ad interim, con effetto dal 23 ottobre 2025, succedendo a Toni Townes-Whitley.
Il signor Reagan vanta quasi due decenni di leadership nei settori difesa e servizi governativi, ha ricoperto il ruolo di Vicepresidente Esecutivo e Direttore Finanziario presso Leidos, ha precedentemente ricoperto ruoli di CFO in Vencore, PAE e altre aziende, ed è stato membro del consiglio di SAIC sin da gennaio 2023. Il Consiglio è ora composto da 11 membri, 10 indipendenti.
La società ha riaffermato le previsioni per l'esercizio 2026, originariamente fornite il 4 settembre 2025, sottolineando che un prolungato shutdown federale potrebbe compromettere la capacità di raggiungere tali previsioni.
SAIC (Nasdaq: SAIC) anunció que el Director James Reagan ha sido designado CEO interino, con efecto a partir del 23 de octubre de 2025, sucediendo a Toni Townes-Whitley.
El señor Reagan tiene casi dos décadas de liderazgo en defensa y servicios gubernamentales, se desempeñó como Vicepresidente Ejecutivo y Director Financiero en Leidos, ocupó previamente cargos de CFO en Vencore, PAE y otras empresas, y ha sido miembro de la junta de SAIC desde el enero de 2023. La Junta ahora está compuesta por 11 directores, 10 independientes.
La compañía reiteró las pautas para el año fiscal 2026, originalmente proporcionadas el 4 de septiembre de 2025, advirtiendo que una prolongada shutdown del gobierno federal podría afectar su capacidad para alcanzar esas pautas.
SAIC (나스닥: SAIC) 는 이사 제임스 리건이 임시 CEO로 임명되었으며, 2025년 10월 23일부로 효력이 발생하고 Toni Townes-Whitley를 계승한다고 발표했습니다.
리건 씨는 20년 가까운 국방 및 정부 서비스 분야의 고위 리더십 경력을 가지고 있으며, Leidos에서 Executive VP 겸 CFO로 재직했고, 이전에는 Vencore, PAE 및 기타 회사들에서 CFO를 역임했으며, 2023년 1월부터 SAIC 이사회 이사로 재직해 왔습니다. 이사회는 현재 11명의 이사, 10명의 독립 이사로 구성됩니다.
회사는 2026 회계연도 가이던스를 2025년 9월 4일에 originally 제공된 대로 재확인했으며, 연방 정부의 장기 폐쇄가 그 가이던스 달성 능력에 영향을 미칠 수 있다고 경고했습니다.
SAIC (Nasdaq : SAIC) a annoncé que le directeur James Reagan a été nommé PDG par intérim, avec effet le 23 octobre 2025, succédant à Toni Townes-Whitley.
M. Reagan compte près de deux décennies de leadership dans les secteurs de la défense et des services gouvernementaux, a occupé le poste de Vice-président exécutif et directeur financier chez Leidos, a auparavant été CFO chez Vencore, PAE et d'autres entreprises, et est membre du conseil d'administration de SAIC depuis janvier 2023. Le conseil est désormais composé de 11 administrateurs, 10 indépendants.
L'entreprise réaffirme les prévisions pour l'exercice 2026, initialement communiquées le 4 septembre 2025, tout en avertissant qu'une fermeture prolongée du gouvernement fédéral pourrait nuire à sa capacité d'atteindre ces prévisions.
SAIC (Nasdaq: SAIC) gab bekannt, dass Direktor James Reagan zum vorläufigen CEO ernannt wurde, mit Wirkung zum 23. Oktober 2025, und Toni Townes-Whitley ablöst.
Herr Reagan verfügt über fast zwei Jahrzehnte Führungserfahrung im Verteidigungs- und Regierungsdienstleistungsbereich, hat als Executive VP & CFO bei Leidos gearbeitet, zuvor CFO-Positionen bei Vencore, PAE und anderen Unternehmen inne gehabt und ist seit Januar 2023 Mitglied des SAIC-Vorstands. Der Vorstand besteht nun aus 11 Direktoren, 10 unabhängige.
Das Unternehmen bekräftigte die Guidance für das Geschäftsjahr 2026, die ursprünglich am 4. September 2025 bereitgestellt wurde, während es warnt, dass eine andauernde Bundesregierungs-Schliessung seine Fähigkeit beeinträchtigen könnte, diese Guidance zu erreichen.
SAIC (ناسداك: SAIC) أعلنت أن المدير جيمس ريغان قد تم تعيينه الرئيس التنفيذي المؤقت، اعتباراً من 23 أكتوبر 2025، خلفاً لتوني تاونز-وِيتلي.
السيد ريغان يمتلك ما يقرب من عقدين من القيادة العليا في الدفاع والخدمات الحكومية، شغل منصب نائب رئيس تنفيذي ورئيس مالي في Leidos، وتولى سابقاً مناصب المدير المالي في Vencore وPAE وشركات أخرى، وهو عضو مجلس SAIC منذ يناير 2023. المجلس الآن يتألف من 11 مديراً، 10 مستقلين.
الشركة عاودت تأكيد توجيهات السنة المالية 2026، التي قدمت أصلاً في 4 سبتمبر 2025، مع تحذير من أن إغلاقاً حكومياً اتحادياً طويلاً قد يؤثر في قدرتها على تحقيق هذه التوجيهات.
SAIC (纳斯达克：SAIC) 宣布，董事James Reagan已被任命为临时首席执行官，自2025年10月23日起生效，接替Toni Townes-Whitley。
Reagan先生在国防及政府服务领域拥有近二十年的高级领导经验，曾任Leidos的执行副总裁兼首席财务官，此前在Vencore、PAE及其他公司担任CFO，并自2023年1月以来一直是SAIC董事会成员。董事会现由11名董事、10名独立董事组成。
公司再次确认原定于2025年9月4日提供的2026财年指引，同时警告若联邦政府停摆时间过长，可能影响实现该指引的能力。
- Interim CEO with nearly two decades of sector leadership
- Board experience: SAIC board member since January 2023
- Corporate governance: 11 directors, 10 independent
- Reaffirmed FY2026 guidance from September 4, 2025
- Company cites a strong qualified pipeline and backlog of pending awards
- Leadership uncertainty: Interim CEO until a permanent CEO is appointed
- Operational risk from a prolonged federal government shutdown could impair FY2026 results
Insights
Interim CEO named; FY2026 guidance reaffirmed, so near-term operational continuity appears intact.
The Board appointed James Reagan as Interim Chief Executive Officer effective
The Company explicitly reaffirmed its fiscal year
Watch near-term signals: any change to the reaffirmed FY
SAIC Director and Seasoned Government Services Executive James Reagan Appointed Interim CEO
Company Reaffirms Fiscal Year 2026 Guidance
RESTON, Va., Oct. 23, 2025 (GLOBE NEWSWIRE) -- Science Applications International Corporation (Nasdaq: SAIC), a premier Fortune 500® company driving our nation's digital transformation across the defense, space, civilian, and intelligence markets, today announced that the Company’s Board of Directors has appointed James (“Jim”) Reagan as Interim Chief Executive Officer, effective immediately. Mr. Reagan succeeds Toni Townes-Whitley.
“On behalf of the Board and entire SAIC team, we thank Toni for her many contributions, dedication and commitment to SAIC, our customers and our mission. We wish her the best in her next chapter,” said Donna Morea, Chair of the Board. “Recognizing SAIC’s strong position to capitalize on opportunities for growth and shareholder value creation, the Board remains focused on delivering near-term operational results.”
“It has been a privilege to lead SAIC and work with the Company’s dedicated and talented people,” said Toni Townes-Whitley. “I have collaborated closely with Jim during my time here, and I have the utmost confidence in his and the team’s ability to capitalize on and fully realize the Company’s growth prospects. With its talented employees, SAIC is in good hands until a permanent CEO is appointed.”
Mr. Reagan is a seasoned executive, with nearly two decades of senior leadership experience in the defense and government services industry. He brings deep knowledge and understanding of the sector, SAIC’s customers and commitment to advancing their mission, in addition to his extensive expertise across cybersecurity and intelligence, information technology and healthcare, and national security. Most recently, Mr. Reagan served as Executive Vice President & Chief Financial Officer for Leidos Holdings. Prior to joining Leidos, Mr. Reagan served as Chief Financial Officer for several organizations including Vencore, Inc., a defense contractor serving the Intelligence Community and Department of Defense, and PAE, Inc., a defense and government services engineering contractor. Previously, Mr. Reagan was also Chief Financial Officer of Aspect Communications and held several senior roles at MCI Telecommunications, Nextel and AMS. Mr. Reagan is deeply familiar with the SAIC business, having served as a member of the Board since January 2023.
Ms. Morea continued, “Jim’s experience as a member of the SAIC Board, together with his impressive track record in senior leadership roles across the industry, provides a cross-section of skills that make him well suited to serve as Interim CEO. SAIC has a solid, customer-focused foundation in place, supported by a strong qualified pipeline and planned submit levels and a backlog of pending awards. We are confident that under Jim’s stewardship, the Company will improve performance while continuing to serve its valued customers by advancing the power of technology and innovation to serve and protect our world.”
“It is an honor to be named Interim CEO of SAIC,” said Jim Reagan. “SAIC is well respected as a mission critical provider of technology and innovation, and I am excited to leverage my experience and expertise in the defense and government services industries at this terrific organization. With compelling opportunities ahead and continued momentum in our business development efforts, I am confident that SAIC is poised to deliver attractive growth and value creation. I look forward to working closely with the Board, management, and the whole SAIC team to deliver wins and shareholder value while strengthening the Company’s foundation as we continue to position SAIC for the future.”
As a result of today’s CEO transition, the SAIC Board comprises 11 directors, 10 of whom are independent.
Reaffirming Fiscal Year 2026 Guidance
The Company is reaffirming its previously issued fiscal year 2026 guidance provided on September 4, 2025. A prolonged federal government shutdown could impair the Company’s ability to achieve such guidance, and the Company may reassess its fiscal year 2026 guidance based on the status of the shutdown and the broader government contracting environment.
About SAIC
SAIC® is a premier Fortune 500 company focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, civilian and intelligence customers includes secure high-end solutions in mission IT, enterprise IT, engineering services and professional services. We integrate emerging technology, rapidly and securely, into mission critical operations that modernize and enable critical national imperatives.
We are approximately 24,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately
Media Contact:
Kara Ross
703.362.6046 | kara.g.ross@saic.com
Andrew Siegel / Fouad Boutros / Elizabeth Grayson
Joele Frank, Wilkinson Brimmer Katcher
212.355.4449
Forward-Looking Statements
Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about the Board’s ability to identify SAIC’s new CEO in a timely manner and the outcome of future operations under new management. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC’s website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.
FAQ
Who is the new Interim CEO of SAIC and when did the change take effect?
Why did SAIC appoint an Interim CEO instead of a permanent CEO on October 23, 2025?
What is James Reagan’s background relevant to SAIC shareholders?
Did SAIC change its fiscal year 2026 guidance after the CEO transition?
What risks did SAIC highlight that could affect FY2026 guidance for SAIC (Nasdaq: SAIC)?
How did the Board composition change after the October 23, 2025 announcement?
