SAIC Operations Boss Quits

Lawrence B. Prior III joined SAIC in 2004.
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Lawrence B. Prior III, chief operating officer of defense and homeland security giant SAIC has resigned effective June 12, the company announced.

SAIC Chairman and Chief Executive Officer Ken Dahlberg will assume COO duties pending a decision on a successor.

SAIC posted more than $10 billion in revenue in its most recent fiscal year and has about 45,000 employees.

The company, which recently announced quarterly rises in income and revenue, gave no explanation for the departure.

"Throughout his tenure, Larry has been an important part of the company's success," said Dahlberg. "He has helped expand current business and improve the company's operational performance. We thank him for his contributions and wish him well in his future endeavors."

Prior joined SAIC in 2004. Before being appointed COO in 2007, he served as president of SAIC's Intelligence, Security and Technology Group and senior vice president for federal business.