(ATLANTA) Aug. 20, 2019 – Leidos, a FORTUNE 500® science and technology leader, today announced that Karl Voepel has assumed the role of Varec president, its wholly owned subsidiary and industry leader of bulk liquid management solutions. Marty Favero, prior president and 21-year Varec veteran, remains a part of Varec’s executive team focused on leading the company’s large portfolio of defense solutions and customers.
Voepel brings to Varec over 30 years of leadership experience in the U.S. and abroad. He was most recently a leader in Leidos’ Homeland Security Solutions Operation under its Civil Group. Prior to that, he served as a logistics subject matter expert supporting the successful startup of the Australian Defence Force Land 2110 Program for Leidos Australia. Voepel also spent time as the chief operations officer for Leidos United Kingdom to help lead the transition and transformation of the Logistics Commodities and Services Transformation Program for the UK Ministry of Defence. Before joining Leidos, he served 21 years in the United States Marine Corp.
“Karl’s capabilities and experiences across Leidos Groups and subsidiaries will provide Varec with additional leadership strength to help drive growth in new areas,” said Michael White, Vice President of the Mission Operations and Infrastructure Protection Division. “He will build upon the great foundation that has been in place for many years to ensure our continued excellence in program execution, technology advancement and financial performance.”
For more than 90 years, Varec has led the innovation around fuel and bulk liquid management solutions. With nearly 200 employees worldwide, the company’s technology innovation is comprised of product development, manufacturing, systems engineering and integration and other professional services. To learn more about Varec, please visit http://www.varec.com.
Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in the company’s Annual Report on Form 10-K for the period ended December 28, 2018, and other such filings that Leidos makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.
Varec, Inc., a wholly owned subsidiary of Leidos, is considered the pioneer of inventory tank gauging instrumentation, and has been an innovative force for over 90 years. Today, Varec is a worldwide leader in fuels management systems for total asset visibility and control, supplying integrated hardware and software solutions to oil and gas, defense and aviation markets. The Varec FuelsManager® suite of software applications has been a longtime standard of major oil companies and the U.S. Department of Defense, as well as aviation tank farm operators and service providers. With its headquarters and manufacturing facility outside of Atlanta, Georgia, Varec also has offices in Virginia, Australia and the United Kingdom. For more information, visit www.varec.com.
Leidos is a Fortune 500® information technology, engineering, and science solutions and services leader working to solve the world’s toughest challenges in the defense, intelligence, homeland security, civil, and health markets. The company’s 33,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $10.19 billion for the fiscal year ended December 28, 2018. For more information, visit www.Leidos.com.