Lawrence Nussdorf Steps Down From Leidos’ Board of Directors
Leidos announced that Lawrence Nussdorf has stepped down from the company's board of directors for medical reasons. He had served on the company's board since 2010, including as lead outside director from June 2012 to May 2018.
"Because of Larry's many contributions, we will continue to grow and endure as a global science and technology leader for another 50 years. I will be forever thankful for his counsel, mentorship and friendship," Krone said.
He added that Nussdorf's service and leadership in the company have set the standard for others to aspire to. Leidos also commended him for mentoring and inspiring many executives and employees.
Nussdorf is an expert in all aspects of financial, investment and legal activities and has guided Leidos' business strategies for growth and diversification.
He oversaw two CEO successions and the company's transition into two separate publicly traded companies in 2013.
Leidos credits Nussdorf for being instrumental in the company's large-scale merger with Lockheed Martin's information systems and global solutions business. The merger was accomplished in a Reverse Morris Trust transaction in 2016.
“I sincerely value the opportunity to have served on Leidos' board of directors and I will look back on these last ten years with appreciation for the experience of collaborating with the dedicated and talented individuals who served with me,” Nussdorf said.
Leidos is a Fortune 500 information technology, engineering and science solutions company that supports customers in the defense, intelligence, homeland security, civil and health markets.
Category: Member News
Tags: board of directors diversification Fortune 500 growth information technology Lawrence Nussdorf Leidos Lockheed Martin Member News merger outside director Potomac Reverse Morris Trust Roger Krone Wash100