Bahman Atefi Retiring as CEO and Assuming Vice Chairman Role
McLean, VA – May 17, 2017 – Alion Science and Technology, an engineering, technology and operational solutions company, today announced that Mr. Steve Schorer has been named President and Chief Executive Officer, effective 19 May 2017. Dr. Bahman Atefi, who has served as President and CEO since 2002, will assume the role of Vice Chairman of the board of directors going forward. Alion has been a portfolio company of Veritas Capital since 2015.
Ramzi Musallam, CEO and Managing Partner of Veritas Capital said, “Bahman’s leadership and vision have helped Alion grow from a newly independent organization in 2002 to a leading provider of engineering solutions and services to defense agencies globally. We appreciate the significant contributions that Bahman has made over nearly two decades at Alion and its predecessor organization IIT Research Institute (IITRI) and are pleased that Alion will continue to benefit from his insights and experience as he takes on his new role as Vice Chairman.”
Mr. Musallam continued, “We are fortunate to have Steve joining Alion as President and Chief Executive Officer. Steve brings an exceptional thirty-year track record running high growth businesses within the government services, defense electronics, aerospace, and aviation markets. He is a strategic leader with tremendous experience delivering technology solutions and services in our end markets. We expect that he will help us drive Alion’s continued growth and are excited to welcome him to the team.”
Dr. Atefi said, “I am grateful to have spent the past 19 years at Alion/IITRI and to have had the opportunity to lead it as CEO for the past 16 years. As Alion begins its next phase of growth, I felt it was the right time for me to take a step back from my day-to-day responsibilities. I am excited about the experience and track record that Steve brings to Alion. The company is well-positioned for continued success, and I look forward to supporting its growth in my role as Vice Chairman.”
Mr. Schorer said, “Under Bahman’s leadership, Alion has built a tremendous reputation as a trusted partner of the Federal government and a deep bench of highly skilled engineers and advanced capabilities that position it well for continued success. I am honored to join the company as CEO. I look forward to working with the team at Alion to capitalize on the many exciting growth opportunities ahead.”
Previously, Mr. Schorer was President of DynCorp from 2011-2013 and returned to DynCorp to serve as President of DynAviation from 2015-2016. He originally joined DynCorp in 2009 to serve as President of Global Platform Support Solutions (GPSS). Prior to DynCorp, Mr. Schorer was President of the Command, Control, Communications and Intelligence (C4I) Segment within DRS Technologies from 2003-2008. Prior to DRS, Mr. Schorer was President and General Manager of the Ocean Systems Division within L-3 Communications from 1998-2003. He served as a Director of Camber Corporation. Mr. Schorer holds a Bachelor of Science degree in Electrical Engineering from the University of Massachusetts. He has completed executive management programs at the University of California, Los Angeles and the American Graduate School of International Management in Phoenix.
Alion Science and Technology Corporation delivers advanced technology solutions and operational support to the U.S. Federal government to strengthen national security and drive business results. Alion’s services enable customers in the defense, civilian government and commercial industries to better handle rapidly-changing environments and operate more efficiently. Alion brings expertise and experience to multiple business areas: Naval Architecture and Marine Engineering; Systems Analysis, Design and Engineering; and Modeling, Simulation, Training and Analysis.
About Veritas Capital
Veritas Capital is a leading private equity firm that invests in companies that provide critical products and services, primarily technology and technology-enabled solutions, to government and commercial customers worldwide, including those operating in the aerospace & defense, healthcare, technology, national security, communications, energy, and education industries. Veritas seeks to create value by strategically transforming the companies in which it invests through organic and inorganic means. For more information on Veritas Capital and its current and past investments, visit www.veritascapital.com.