Perspecta CEO plans to retire after close of Peraton deal
Perspecta Chairman and CEO Mac Curtis will retire once that company's transaction with Peraton is completed in the coming months, according to a letter he sent to employees.
Peraton, backed by Veritas Capital, completed the first step in its transformation this week when it closed the acquisition of Northrop Grumman’s IT business. Step two is the pending acquisition of Perspecta, a publicly-traded company where Veritas holds 14.5 percent of the shares.
The new company will be called Peraton, whose CEO Stu Shea will continue to lead the company.
Curtis, who has led Perspecta and one of its predecessor companies since 2013, announced his retirement in a letter to employees that was released in a filing with the Securities and Exchange Commission.