– USA, VA – Leonardo DRS, Inc. today announced the appointment of Eric Salzman to its Board of Directors, effective on November 28, 2022.
“We are delighted to have Eric join our Board of Directors; his deep experience in driving company growth strategies will bring important guidance to DRS as we start our new era as a public company. His leadership in a range of companies from high-tech to manufacturing will be invaluable to DRS as we pursue our mission to provide the best technology to the men and women of our Armed Forces,” said Chairman and CEO, Bill Lynn.
Eric Salzman will also join the Audit Committee and Nominating and Corporate Governance Committees.
About Eric C. Salzman
Eric Salzman currently serves as CEO of Safeguard Scientifics, Inc., which he joined in 2020. From 2018 to 2022, Mr. Salzman served as the chairman of the board of SolAero Technologies Corp, a leading manufacturer of satellite solar array panels serving the defense and communications industry.
He has a 25-year track record partnering with public and private growth companies as an investor, board member, and strategic advisor. He has worked in M&A, restructuring, and growth and special situations investing at several investment banks and private equity funds, including Credit Suisse and Lehman Brothers.
His industry experience includes technology, software, communications, defense, medical devices, manufacturing, and business services. Since 2008, Mr. Salzman has served as an independent director, executive chairman, non-executive chairman, audit committee chairman, the compensation committee chairman, and M&A committee chairman at over 25 public and private companies, including portfolio companies of Carlyle Group, Blackstone, and Francisco Partners. Past board positions include Zenefits, Carnegie Learning, ColorEdge, Capstone Nutrition, FragranceNet, Centinel Spine, ASG Technologies, Sorenson Communications, Syncardia Systems, ShoreTel, and Firth Rixson.
“I am delighted to be a part of this storied company and play a role in ensuring it continues as a leading mid-tier defense technology company,” said Mr. Salzman.” As a newly public company, DRS is positioned to reach its full potential – bringing groundbreaking technology to our military customers, and in turn, driving value to our shareholders.”
Eric Salzman currently serves as an independent director, member of the Audit Committee, and Chairman of the Compensation Committee at 8×8, Inc.
Mr. Salzman earned a B.A. Honors from the University of Michigan and an MBA from Harvard University.
About Leonardo DRS
Headquartered in Arlington, VA, Leonardo DRS, Inc. is an innovative and agile provider of advanced defense technology to U.S. national security customers and allies worldwide. We specialize in designing, developing, and manufacturing advanced sensing, network computing, force protection, electric power and propulsion, and other leading mission-critical technologies. Our innovative people are leading the way in developing disruptive technologies for autonomous, dynamic, interconnected, and multi-domain capabilities to defend against new and emerging threats.
For more information: https://www.leonardodrs.com/
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