Nov 11, 2009
MINNEAPOLIS, Nov. 11 /PRNewswire-FirstCall/ -- Alliant Techsystems (NYSE: ATK) today announced that after more than six years as the company's Chairman and Chief Executive Officer, Daniel J. Murphy will leave the company and retire in March, 2010. The company's Board of Directors has appointed General Ronald R. Fogleman to serve as Chairman of the Board of Directors. The Board also elected John L. Shroyer, ATK's Chief Financial Officer, to serve as Interim Chief Executive Officer. The appointments are effective immediately.
"General Ron Fogleman has served on ATK's Board of Directors for more than five years. He has extensive leadership experience in the aerospace and defense industry, not only as an executive, but also as Chief of Staff for the U.S. Air Force and member of the U.S. Joint Chiefs of Staff. His judgment and business acumen will help guide the Company into the future, and we are confident that he will be an outstanding Chairman of the Board for ATK," said ATK Board member William Van Dyke, on behalf of the Company's Board of Directors.
"We are fortunate to have such a deep bench of executive talent at ATK," Van Dyke continued. "John Shroyer, a 23 year veteran of the company, will serve as interim CEO and we appreciate the continued strong leadership of the Company's three division presidents: John Cronin, President of ATK Mission Systems; Mark DeYoung, President of ATK Armament Systems; and Blake Larson, President of ATK Space Systems.
"The Board of Directors wants to acknowledge and thank Dan Murphy for his many contributions to the company and for his accomplished leadership. ATK has transformed into a leading aerospace and defense firm under his leadership. We wish him all the best in his future endeavors," concluded Van Dyke.
Dan Murphy stated, "It has been a great honor to serve ATK as Chairman and CEO. I am leaving the company to address family matters that require my personal attention. This is an extraordinary company with committed and hard-working employees, and I am confident that ATK will continue to deliver solid results as it maintains and builds on its strong competitive position in the months and years ahead."
The Board has retained a leading executive search firm to assist in identifying internal and external candidates from which to select a new Chief Executive Officer.
2nd quarter FY10 earnings information
ATK will webcast its investor conference call on fiscal year 2010 second-quarter financial results on November 12 at 10:00 a.m. Eastern Time. The call will discuss ATK's quarterly financial performance, as well as financial guidance and trend information for future period results.
Biographies
General Ronald R. Fogleman joined ATK's Board in May of 2004. Since retiring from the U.S. Air Force in 1997 as the fifteenth Chief of Staff of the U.S. Air Force and a member of the Joint Chiefs of Staff, he has served on the boards of several public companies. He served as the non-executive Chairman of the Board of World Airways from 2003 until 2007, and is currently a director of AAR Corp., the Alpha Security Group Corporation, and a privately held company, Atlantic Inertial Systems. General Fogleman has also remained actively engaged in national security affairs having served on numerous congressionally-directed commissions and study groups to include the Defense Policy Board.
John L. Shroyer has held his present position since April 2006. From November 2005 to April 2006, he served as Vice President, Operations. He served as Vice President and General Manager, ATK Ordnance Systems from 2004 to November 2005. From 2002 to 2004, he was President of ATK Tactical Systems. He was Vice President, ATK Tactical Systems from 2001 to 2002, and Vice President and Treasurer, ATK Tactical Systems, from 2000 to 2001.
ATK is a premier aerospace and defense company with more than 18,000 employees in 22 states, Puerto Rico and internationally, and revenues of approximately $4.8 billion. News and information can be found on the Internet at www.atk.com.
Media Contact: Investor Contact:
Bryce Hallowell Jeff Huebschen
Phone: 952-351-3087 Phone: 952-351-2929
E-mail: bryce.hallowell@atk.com E-mail: jeff.huebschen@atk.com
SOURCE: ATK
Web site: http://www.atk.com/
