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VSE Announces Plan to Consolidate Two Operating Groups - VSE Corporation announced plans to consolidate its International Group and Federal Group, and report their combined results as a single operating group beginning in 2015 - VSECorp.com
VSE Announces Plan to Consolidate Two Operating Groups

 

NewswireToday - /newswire/ - Alexandria, VA, United States, 2014/09/18 - VSE Corporation announced plans to consolidate its International Group and Federal Group, and report their combined results as a single operating group beginning in 2015 - VSECorp.com. NASDAQ: VSEC

   
 
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The consolidation of the two operating groups into one will be managed by the Company's Chief Executive Officer, and brings much of the Company's U.S. Department of Defense work under a single umbrella. In connection with this action, the Company has eliminated several officer positions, including International Group President and Federal Group President, effective September 30, 2014.

“Given our focus on improving competitiveness in our legacy markets, we have concluded that combining our Federal and International groups into one is a cost effective means to move into 2015,” said VSE CEO Maurice “Mo” Gauthier. “The International and Federal Groups have been long-time providers to our legacy markets, predominately providing Maintenance/Repair/Overhaul (MRO) support to military and Government fleets.”

These actions follow a strategic review of the Company’s operating model and are part of a continuing cost balancing initiative. We expect to achieve further operational efficiencies as we move forward with this consolidation.

About VSE

Established in 1959, VSE (vsecorp.com) is a diversified federal services company with experience in solving issues of global significance with integrity, agility, and value. VSE is dedicated to our clients’ success by delivering sustainment services for legacy systems and equipment and professional services through talented people and innovative solutions. Key competencies include sustainment services, supply chain management, maintenance, repair and overhaul, logistics, engineering, energy, IT solutions and consulting.

 
 
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Written by / Agency / Source: VSE Corporation

 
 

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VSE Announces Plan to Consolidate Two Operating Groups

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VSE Corporation |
Publisher Contact: Christine Kaineg - VSECorp.com 
703-329-3263
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any VSE Corporation securities in any jurisdiction including any other companies listed or named in this release.

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