Reston, VA-based NCI, Inc. announced July 29th the appointment of Brian J. Clark as president and CEO effective October 1, 2015. Clark will take over for Charles K. Narang who will transition to non-executive Chairman.
NCI, a provider of IT and professional services & solutions to U.S. Federal agencies was founded by Narang in 1989. NCI works in more than 100 locations around the world and employs more than 1,800 people.
“This is a momentous move for the company. Since founding NCI more than 25 years ago, we have enjoyed times of tremendous growth. We also have endured lean years because of tight budgets, government shutdowns and procurement challenges,” said Narang. “I will continue to stay connected to this great company as chairman of the board, although I will hand the day-to-day operations of NCI over to Brian. I am confident that under Brian’s leadership, NCI will grow and succeed. This company’s best days still lie ahead.”
Clark previously held various executive positions at Titan Corporation as well as Stanley, Inc. before being named President of at NCI in April 2011. Clark is the former executive vice president, chief financial officer and treasurer at NCI. He was elected to NCI’s board of directors in February 2012.
“I am honored and very excited to take on this new challenge and opportunity. I am proud of what we have accomplished, particularly in improving profitability while restructuring and investing in growth initiatives,” Clark said. “We remain confident in NCI’s future prospects and we have the capital, liquidity and right team in place to execute our existing business plan. At the same time, we intend to explore new strategic avenues for the company that could accelerate the realization of value for our stockholders as we await the award of meaningful new business opportunities. These include acquisitions and other options. We expect to update everyone on our progress when appropriate.”
Related: Brian Clark of NCI, Inc. Celebrates Company’s 25 Years in Business: From “Small 8(a) Guy” to Mid-Tier Market Leader