RESTON, Va. - Leidos (NYSE:LDOS), a Fortune 500 company specializing in national security and health solutions, has appointed Leslie Fautsch as its new chief human resources officer. The announcement made Today positions Fautsch at the helm of the company's global workforce strategy, supporting its 48,000 employees.
CEO Tom Bell expressed confidence in Fautsch's ability to lead the human resources team, emphasizing the importance of attracting and developing top talent to make Leidos an exemplary workplace. Fautsch brings over two decades of experience to her new role, having already dedicated nearly 14 years to Leidos in various human resources capacities. Most recently, she led initiatives to enhance the company's total rewards programs and redefine its human capital strategy.
Her previous roles at Leidos include senior vice president for HR operations and total rewards, where she managed compensation, benefits, and recognition programs, and spearheaded HR for the company's corporate and enterprise functions. Fautsch's background also includes multiple HR leadership positions within Leidos business lines, focusing on ethics and employee relations. Before joining Leidos, she held similar roles at another major aerospace company.
In addition to her extensive HR experience, Fautsch is a licensed attorney, holding a law degree from Marquette University and a bachelor's degree in government and public policy from the University of Notre Dame.
Leidos, headquartered in Reston, Virginia, reported annual revenues of approximately $15.4 billion for the fiscal year ended December 29, 2023. The company is recognized for addressing significant challenges in national security and health, both for government and commercial customers.
The appointment of Fautsch is based on a press release statement and reflects the company's strategic focus on supporting its workforce and maintaining its position as a leader in innovation.
In other recent news, Leidos has reported a significant increase in revenue and earnings, securing several major contracts. The company saw a 7.7% year-over-year increase in revenue, reaching $4.13 billion, and a noteworthy rise in adjusted EBITDA to $559 million, a 33% increase from the previous year. Leidos has also secured a $303 million contract from the Department of the Air Force for the management of the Advanced Battle Management System – Digital Infrastructure. In addition, Leidos has been awarded a $51 million contract by the Centers for Disease Control and Prevention for the enhancement of the National Healthcare Safety Network. Truist Securities upgraded its price target for Leidos, citing potential value from its existing portfolio and opportunities for profit margin expansion through cost optimization strategies. Furthermore, Leidos appointed Thomas J. Downey as the new Executive Vice President and Chief Communications and Marketing Officer. These are recent developments in the company's performance and strategic focus.
InvestingPro Insights
Leidos' recent appointment of Leslie Fautsch as chief human resources officer comes at a time when the company is experiencing significant growth and financial strength. According to InvestingPro data, Leidos has seen impressive revenue growth of 7.86% over the last twelve months, with total revenue reaching $16.01 billion. This growth underscores the importance of a robust human resources strategy to manage and nurture the company's expanding workforce.
The company's financial performance has been particularly strong, with a remarkable 85.01% price total return over the past year. This performance aligns with an InvestingPro Tip indicating that Leidos has achieved a high return over the last year. Additionally, the stock is trading near its 52-week high, reflecting investor confidence in the company's direction and management decisions.
Leidos' commitment to shareholder value is evident in its dividend policy. An InvestingPro Tip highlights that the company has raised its dividend for 5 consecutive years, demonstrating a consistent focus on returning value to investors. This commitment to dividends, coupled with the company's strong financial performance, suggests that Leidos is well-positioned to continue attracting top talent under Fautsch's leadership.
For investors seeking a deeper understanding of Leidos' potential, InvestingPro offers 11 additional tips that could provide valuable insights into the company's prospects and market position.
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