VIENNA, Va., Sept. 25 /PRNewswire/ -- GRC International's (NYSE: GRH)
board of directors, today, during a regularly scheduled meeting, elected Peter
A. Cohen, 50, as vice chairman. Mr. Cohen has served on the GRCI Board since
his election on July 24, 1997.
GRC International Chairman Joseph Wright said, "Mr. Cohen's election
reaffirms the board's goal to create additional shareholder value by
capitalizing on the company's intellectual and technological expertise. We are
implementing a strategy to establish partnerships with other company's and
institutions that can assist us in bringing to market the new ideas and
services a leading-edge company like GRCI constantly creates in its normal
course of business. Peter, with his understanding of the financial markets and
communities, is a key element in the successful execution of this strategy. I
am looking forward enthusiastically to his contributions."
Jim Roth, president and CEO of GRC International, added that in the brief
period of time Mr. Cohen has served on the board he has already had a positive
impact on the company. "Peter was a substantial addition to the board when he
was elected in July and this further commitment on his part underscores the
high level of value he places on GRCI. Like Joe, I look forward to Peter's
effort to bring additional value to the company."
Peter A. Cohen has been a principal of Ramius Capital Group since its
founding in 1994. Ramius is a privately-held, specialized investment firm that
provides discretionary asset management, corporate finance, and customized
financial advisory services, and engages in principal investing through the
use of its own capital and that of its principals.
From 1971 to 1990 Cohen held various positions within Shearson Lehman
Brothers and its predecessors, culminating in his serving as chairman of the
board and chief executive officer from 1987 to 1990. During his nineteen years
within the firm, Cohen had operating responsibility for every aspect of the
firm's business and was directly involved in the negotiations of the firm's
acquisitions. Additionally, he oversaw most of the firm's own direct loans and
investments, many of which he initiated.
Subsequent to his departure from Shearson Lehman, he was instrumental in
establishing and became chairman of Republic New York Securities Corp., a
wholly owned subsidiary of Republic New York Corp. He was also vice chairman
of Republic New York Corp. and a member of its Management Executive Committee.
Cohen is a director of Presidential Life Corp., Olivetti SpA and Andover Togs
Inc. He is also a trustee of Mt. Sinai Hospital, a board member of The Ohio
State University Foundation, co-chairman of the New York Holocaust Memorial
Commission and a director of the Museum of Jewish Heritage. He has served as a
director of the New York Stock Exchange, American Express Co., Republic New
York Corp., Societe General de Belgique S.A., Cofide and Cerus S.A., The New
York Federal Reserve Bank International Capital Markets Advisory Committee,
The Depository Trust Co. and The New York City Opera.
GRC International Inc. with headquarters in Vienna, Va., provides
knowledge-based professional services and high-quality technology-based
product solutions to government and commercial customers. GRCI is a publicly
traded company listed on the New York Stock Exchange under the symbol GRH.
Additional details about the company can be obtained on the Internet at
http://www.grci.com/.
GRCI press releases are available on the Internet through Company News On-
Call at http://www.prnewswire.com/
SOURCE GRC International
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CONTACT: Wayne Jackson, Director, Corporate Communications of GRC International, 703-506-5038
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