New President Announced for Energetics Incorporated
Founding Partner Retires
COLUMBIA, Md.-- VSE Corporation (Nasdaq GS: VSEC) is pleased to announce the promotion of Nancy Margolis to President of its wholly-owned subsidiary, Energetics Incorporated. Ms. Margolis is taking over for James E. Reed, who retired after leading Energetics as President for the past five years.
VSE CEO Maurice "Mo" Gauthier said, "After years of dedicated service as President of Energetics, Jim Reed has announced his retirement. On behalf of the directors, officers, and employees of the company, I take this opportunity to thank Jim for his years of outstanding leadership. We wish him well in the years to come."
Nancy Margolis is a highly qualified successor to Mr. Reed at Energetics. She has worked continuously at the firm for 26 years, rising through the ranks to become Vice President, Science and Technology Division, in 2007. Mr. Gauthier added, "Nancy has won national acclaim as an expert in industrial energy analysis, is widely respected by her clients and business peers, and for the past two years has directed the firm's largest single contract, providing technical support for the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy."
Ms. Margolis said, "I am excited about the opportunity to lead Energetics at such an opportune time in the fields of energy, environment, and infrastructure protection. The company has many talented staff members who are recognized as leaders in our industry. We will continue to provide the highest quality service to our existing clients while exploring new avenues of business in adjacent markets."
Mr. Reed was one of Energetics' founding partners in 1979 and came out of retirement in 2005 to serve as President/CEO for the past five years. During that period, the company's revenue climbed significantly across its practice areas. "Jim's leadership and integrity have set a standard that will endure for a long time," says Ms. Margolis. "We will all miss him and wish him the very best as he enjoys his well-earned retirement with his wife, Cathie, and his two new grandchildren." Mr. Reed will continue to serve as a member of Energetics' Board of Directors.
About Energetics
Energetics Incorporated, a wholly-owned subsidiary of VSE Corporation, is a technical and management consulting firm headquartered in Columbia, Maryland. Energetics specializes in a range of energy, environmental, homeland security, and global health issues. Its staff of engineers, scientists, economists, policy and business analysts, environmental specialists and marketing professionals assists public and private-sector clients with the management of research, development and demonstration programs; strategic and tactical planning; engineering, economic, and environmental analysis; the development of public/private partnerships; and outreach and communications. For more information on services and products provided by Energetics, please see the Company's web site at www.energetics.com or contact Brad Spear, Director of Business Development, at (202) 479-2748.
About VSE
VSE is a diversified Federal Services company of choice with over 50 years of experience in solving issues of global significance with integrity, agility, and value. VSE is dedicated to making our clients successful by delivering talented people and innovative solutions for logistics, engineering, IT services, construction management and consulting. For additional information on VSE services and products, please see the Company's web site at www.vsecorp.com or contact Randy Hollstein, VSE Corporate Vice President of Sales and Marketing, at (703) 329-3206.
Safe Harbor
This news release contains statements which, to the extent they are not recitations of historical fact, constitute "forward looking statements" under federal securities laws. All such statements are intended to be subject to the safe harbor protection provided by applicable securities laws. For discussions identifying some important factors that could cause actual VSE results to differ materially from those anticipated in the forward looking statements in this news release, see VSE's public filings with the Securities and Exchange Commission.
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Source: VSE Corporation
Released June 1, 2010