Dallas, TX (July 17, 2006) – DynCorpInternational Inc. (NYSE: DCP) today announced the appointment ofHerb Lanese as president and chief executive officer, effectiveimmediately. Mr. Lanese, a member of the Board, replaces StephenCannon, who resigned after leading the company through its initialpublic offering.
Mr. Lanese is a former president, executive vice president andchief financial officer of McDonnell Douglas Aircraft, where heplayed a critical role in the corporation’s achievement of a “bestin class” position in the 1990s. Prior to joining McDonnellDouglas, he served as corporate vice president of Tenneco, Inc.,responsible for strategic planning, capital structure, accountingand information systems. Earlier, he served as vice president andchief financial officer of Tenneco’s Newport News Shipbuildingbusiness and vice president of Finance of Tenneco Chemicals.
“Herb Lanese has an impressive track record in leadership rolesin significant organizations,” said Robert McKeon, chairman ofDynCorp International. “The fundamentals of our business are robustand we are confident Herb will solidly position us to execute ourstrategic priorities. His experience and valuable insights made himan esteemed member of our Board and a strong choice to lead thecompany in building on the strong existing platform.”
Mr. McKeon continued, “We thank Steve for his significantcontributions during a critical period for DynCorp Internationaland his skill in guiding the company through two landmark events:our acquisition of the company in 2005 and the recent initialpublic offering. We wish him well in whatever he chooses to take onin the future.”
“I know DynCorp International well, and know it to be a dynamiccompany with exciting opportunities,” Mr. Lanese said. “It is aprivilege to lead a company of such talented, dedicated employeesand in conjunction with a Board I value highly. Together we willdevelop strategies designed to deliver greater value to ourcustomers.”
Conference Call Details
The Company will review these actions in a call at 9:00 a.m. ET onJuly 18, 2006 with Chairman Robert McKeon, new President and ChiefExecutive Officer, Herb Lanese, and Chief Financial Officer,Michael Thorne. Interested parties may listen to the call at (877)299-8279 (domestic) and (706) 634-6508 (international). Theconference identification code is 3232401. The call will bebroadcast live and can be accessed at the DynCorp International website, www.dyn-intl.com. The call will be archived on the site for30 days and may also be accessed for seven days at (800) 642-1687(domestic) and (706) 645-9291 (international).
About DynCorp International
DynCorp International is a professional services andproject-management company serving governments, corporations, andinternational organizations worldwide. Headquartered in Irving,Texas, it has more than 14,000 employees in some 35 countries. Ithad revenues of nearly $2 billion in the fiscal year ending March31, 2006.