GlobeNewswire
2010-03-02
Additions Expand and Strengthen Board With Veteran Industry
Leadership
ANDOVER, Mass., March 2, 2010 (GLOBE NEWSWIRE) -- Dynamics Research
Corporation (Nasdaq:DRCO), a leading provider of innovative management
consulting, engineering, technical and information technology services
and solutions to federal and state governments, today announced the
appointment of two new members to the Company's Board of Directors,
expanding membership to nine Directors.
"The impressive experience and track record of success in senior
leadership positions with small, agile companies as well as larger
public firms that Scott Thompson and Dick Tennant bring to DRC's Board
will be invaluable to the company, and we are honored to have them join
our Board," said Jim Regan, DRC's chairman of the board.
W. Scott Thompson
Mr. Thompson presently serves as Chairman of the Board for Enterprise
Solutions Group, Inc. (ESG), which provides implementation services for
enterprise resource planning systems. Prior to founding ESG in 1991 Mr.
Thompson was the Chief Executive Officer of Planning Research
Corporation, later PRC, a $780 million subsidiary of Black and Decker.
PRC was one of the largest federal systems integrators at that time.
From 1978 to 1989 Mr. Thompson worked at Advanced Technology, Inc.
rising through all management levels to Chief Operating Officer as the
Company grew from $5 million to $178 million in annual revenue. From
1969 through 1977 Mr. Thompson served in the United States Navy. Mr.
Thompson received a Bachelor of Science degree from the University of
Mississippi in 1969.
Richard G. Tennant
Mr. Tennant presently serves as Senior Vice President and Chief
Financial Officer of iBasis, Inc., one of the three largest wholesale
carriers of international voice-over-internet traffic and a subsidiary
of Royal KPN NV. For fourteen years prior to joining iBasis in 2001 Mr.
Tennant served in chief financial officer positions with several
communications firms based in northern Virginia and Baltimore,
Maryland. Mr. Tennant served on the Board of Directors of The Burton
Group for nine years until its recent acquisition by Gartner, Inc. and
served on the Board of Directors and as the Chair of the Audit
Committee of LTX Corporation from 1987 through 1992. Mr. Tennant
received a Master of Science degree from Bentley University in 1978.
About Dynamics Research Corporation
Dynamics Research Corporation (DRC) is a leading provider of
mission-critical technology management services and solutions for
government programs. DRC offers the capabilities of a large company and
the responsiveness of a small company, backed by a history of
excellence and customer satisfaction. Founded in 1955, DRC is a
publicly held corporation (Nasdaq:DRCO) and maintains more than 25
offices nationwide with major offices in Andover, Massachusetts and the
Washington, D.C. area. For more information please visit our website at
www.drc.com.
Safe Harbor
Safe harbor statements under the Private Securities Litigation Reform
Act of 1995: Some statements contained or implied in this news release,
may be considered forward-looking statements, which by their nature are
uncertain. Consequently, actual results could materially differ. For
more detailed information concerning how risks and uncertainties could
affect the Company's financial results, please refer to DRC's most
recent filings with the SEC. The Company assumes no obligation to
update any forward-looking information.
CONTACT: Darrow Associates, Inc.
Investors:
Chris Witty
646.438.9385
cwitty@darrowir.com
Sage Communications
Media:
Marisa Hagerman
703.584.5637
marisah@aboutsage.com