Leidos Appoints Jason Albanese as New Chief Growth Officer Following Gerry Fasano's Retirement

Leidos' New Chapter: Jason Albanese Takes the Helm as Chief Growth Officer

In a significant move for the company, Leidos, a prominent player in the technology and services sector, has announced the appointment of Jason Albanese as their new Chief Growth Officer. This promotion will take effect on March 3, as he takes over the role from the retiring Gerry Fasano, who has dedicated 40 years of service to the firm and the nation. It marks a pivotal point in the organization’s leadership, as they look to enhance their growth trajectory amidst an evolving market landscape.

Jason Albanese steps into this new role with a robust background, having previously served as the Senior Vice President of Growth within the National Security sector of Leidos. His record speaks volumes — he has consistently demonstrated high performance across various assignments, engaging in areas such as business development, program management, and engineering.

In a statement, Leidos CEO Tom Bell expressed his congratulations to Albanese while also commending Gerry Fasano for his substantial contributions to the company. “Gerry built a strong team and an excellent long-term strategy. Jason will lead our work to differentiate Leidos as a trusted partner who helps make customers' outcomes smarter and more efficient,” Bell stated, highlighting the expectations that come with the role.

Albanese's leadership will be instrumental as Leidos gears up to implement its NorthStar 2030 strategy. This initiative, as described by Bell, is rooted in identifying growth opportunities where customer demand is rising and profitability is thriving. With the company having recently achieved a record financial performance for 2024, including an exceptional fourth-quarter book-to-bill ratio, it firmly establishes a baseline for future initiatives.

Having joined Leidos in 2017 following the merger with Lockheed Martin's Information Systems and Global Solutions organization, Albanese has played an integral role in shaping the company’s strategic direction. In his earlier positions, he effectively led strategy and business development efforts for both the defense group and later the health and intelligence sectors, which further prepared him for this new command.

Albanese’s academic credentials bolster his professional trajectory; he holds engineering degrees from both the University of Pennsylvania and Villanova University and a finance degree from the University of Maryland. This diverse educational background aligns well with his upcoming responsibilities, where innovation and strategic planning will be crucial to the company’s adaptation in the increasingly competitive technology landscape.

Founded with a vision of delivering efficient and innovative solutions for government and commercial clients, Leidos maintains a monumental presence with around 48,000 employees and reported revenues of approximately $16.7 billion for the fiscal year ending January 3, 2025. As the firm navigates this leadership transition, the industry will be watching closely to see how Albanese fosters new opportunities and strengthens the company’s growth profile.

In conclusion, while Gerry Fasano's retirement marks the end of an era, Jason Albanese’s ascent signals a fresh chapter for Leidos. As they strive for excellence, the anticipated growth strategy will undoubtedly play a key role in shaping the future of the company, establishing its presence further in the market as a leader in technological innovations.

Stay tuned as Leidos continues its journey under new leadership, focused on driving efficiency and smarter outcomes for its clients.