//British defense firm QinetiQ appoints ex-CIA chief Tenet as non-executive director

British defense firm QinetiQ appoints ex-CIA chief Tenet as non-executive director

The Associated Press,  October 24, 2006

LONDON British defense technology company QinetiQ Group PLC said Tuesday it had appointed former CIA chief George Tenet as a non-executive director.
 
The appointment of Tenet, who served as director of the Central Intelligence Agency from 1997 to 2004, is effective immediately, the company said.
 
QinetiQ chairman Sir John Chisholm said Tenet's "extraordinary track record and experience in the fields of intelligence and security are particularly relevant as we continue to focus on the U.S. defense and security market."
 
Tenet said he was looking forward to working with the company.
 
"I am especially interested in the capacity of the company's technologies to meet a number of the challenges faced by our nations' military and intelligence personnel," he said in a statement.
 
QinetiQ was previously the research arm of Britain's Ministry of Defense. It was privatized by Prime Minister Tony Blair's government and listed on the London Stock Exchange in February.
 
Its scientists and engineers are involved in the research and development of technologies for the aerospace, defense, electronics and information technology industries.
 
Britain's defense ministry remains QinetiQ's most important customer, but the company has tried to raise its exposure to the huge U.S. market through acquisitions and increase its commercial related business.
 
It last year bought Apogen Technologies, an IT services company working mainly for the Departments of Defense and Homeland Security, technology firm Planning Systems and IT services specialist Ocean Systems Engineering.

The British defense ministry retains a 23.7 percent stake in the floated company, while U.S. private equity firm Carlyle Group has a 12.9 percent stake.