Engility Holdings Designates David Savner As Co-chairman Of Board - Quick Facts

(RTTNews) - Engility Holdings Inc. (EGL) said that David Savner has been designated by its board of directors to serve as co-chairman, effective upon the closing of Engility's anticipated $1.1 billion acquisition of privately-held TASC, Inc. in the first quarter of 2015.

Savner will serve as non-executive co-chairman of the combined company with Peter Marino, the current chairman of TASC. Savner will succeed Engility's current chairman, Edward Boykin, who will not stand for re-election at the company's May 2015 annual meeting of stockholders.

Savner has been a member of Engility's board and also been chairman of the Nominating and Corporate Governance Committee since the company's formation in 2012. He is a Partner with the law firm of Jenner & Block LLP, and a member of its Corporate Practice.

Prior to rejoining Jenner & Block in 2009, Savner was Senior Vice President, General Counsel and Secretary of General Dynamics, an aerospace and defense company, from 1999 to 2009.

Engility Holdings said that as previously disclosed and following the completion of the TASC transaction, its board will be expanded to 11 members from seven and will have a non-executive co-chair structure. Engility expects to conduct a search for an additional board member to replace Boykin either at or following the annual meeting.