Serco Inc. expands board with defense and tech experts

HERNDON, Virginia - Serco Inc., a provider of professional and management services with annual revenue of approximately $6 billion and an EBITDA of $333 million, announced the addition of two new members to its Board of Directors, Giao Phan and Teresa Shea, both of whom bring a wealth of experience from the defense and technology sectors. According to InvestingPro data, the company maintains a "GOOD" overall financial health score, suggesting strong operational performance.

Giao Phan’s career spans over 40 years with the Department of Defense, where she most recently served as the Executive Director at the Naval Sea Systems Command (NAVSEA). There, she managed a substantial $50 billion portfolio and led a workforce of over 87,000 personnel. Her background includes significant roles in ship maintenance and modernization, and she holds a Bachelor of Science in Civil Engineering and a Master of Science in Management.

Teresa Shea brings over 30 years of intelligence and national defense experience, having served as Director of Signals Intelligence at the National Security Agency (NSA). Shea’s expertise extends to technological advancements in national security through executive roles at Raytheon Intelligence & Space. Her academic credentials include a Bachelor of Science in Electrical Engineering and a Master of Science in Electrical Engineering.

The CEO of Serco Inc., Tom Watson, expressed that the company is honored to welcome both Phan and Shea to the board, citing their "exceptional expertise in defense, intelligence, and technology" as valuable for the company’s continued growth and innovation.

Serco Inc., headquartered in Herndon, Virginia, employs approximately 9,000 people and reports annual revenue of $1.7 billion. The firm is a subsidiary of the international business Serco Group plc, which has a global presence and assists in transforming government and public services. InvestingPro analysis indicates the company currently offers a 3.52% dividend yield and has raised its dividend for four consecutive years. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading below its intrinsic value, with additional insights available through the Most Undervalued Stocks list.

This expansion of Serco Inc.’s board comes as the company aims to enhance its services and deliver innovative solutions to its clients. With a strong free cash flow yield and projected net income growth this year, the company appears well-positioned for future expansion. The appointments are based on a press release statement from Serco Inc.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.