Leidos Chief Growth Officer Gerry Fasano announces retirement
Leidos Holdings, Inc. has disclosed that its Chief Growth Officer, Gerard “Gerry” Fasano, is set to retire on April 4. This announcement was shared through a filing on Form 8-K with the Securities and Exchange Commission on January 14. Fasano has had a distinguished career that has lasted over 40 years. Prior to taking on the role of CGO, he occupied the position of president of the Defense Group at Leidos. In this capacity, Fasano spearheaded the provision of cutting-edge systems, solutions, and services to defense clients globally, overseeing a workforce of more than 12,500 individuals and $4.5 billion in revenue.
His professional journey also encompassed stints as the executive vice president and chief of business development and strategy at Leidos, as well as heading the integration process during the merger of Leidos with the Lockheed Martin Information Systems and Global Solutions business from 2015 to 2016. Fasano also led Lockheed Martin’s business development and mergers and acquisition unit within the IS&GS sector and held the position of general manager for their $3.5 billion Defense Group.
While the company has yet to reveal Fasano’s successor, his responsibilities have been vast. He oversaw various elements of business expansion, including the growth of the new business pipeline, capture and proposal execution, on-contract growth, and effective management of customer relationships. As CGO, Fasano has directed teams across multiple areas such as business development, capture operations, government affairs, communications, marketing, strategy, and customer excellence.
Regarding this transition within Leidos, the SEC filing made by the company offers no further insight into details surrounding this shift and its implications for the organization. The retirement of a key figure like Fasano, with his experience and leadership in driving growth and partnerships, is sure to signify a significant change within Leidos. With Fasano departing after a long and distinguished career, it remains to be seen who will step into his role and take the company forward in its growth and strategic endeavors.
