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SRC Board of Trustees Names New Chair and Vice Chair

December 10, 2020

Syracuse, NY – Joseph J. Corasanti, Esq., has been named the new chairperson of SRC’s board of trustees, succeeding Lieutenant General Donald L. Kerrick, U.S. Army, (Ret.). In addition, the board has elected Joan A. Dempsey as the new vice chairperson. Retiring from SRC's board is Allen Naples, who served for nearly 19 years. Kerrick remains a board member.

Corasanti is the former president and CEO of Conmed Corporation (NYSE: CNMD). In that role, he led a vertically integrated surgical device company that specialized in orthopedic and general surgery products. During his tenure with Conmed, as both president and COO, and president and CEO, Corasanti presided over strong revenue and earnings growth resulting in the company more than doubling its sales and stock market value while at the same time consolidating manufacturing facilities to reduce costs. Corasanti is also a member of the board of directors of IIVI Incorporated (NASDAQ: IIVI), serving as chairman of the audit committee and past chair of the compensation committee. Prior to joining Conmed, Mr. Corasanti was an attorney with the law firm of Morgan, Wenzel and McNicholas in Los Angeles, California. He is a member of the bar of both New York and California. He is also a member of the college council at SUNY Polytechnic Institute.

“SRC is a dynamic organization with a tremendous history of success,” said Corasanti. “I am confident that SRC, under the leadership of Kevin Hair and his team, will continue to provide outstanding products and services that keep America and its allies safe. I am extremely honored to have been selected to lead the board during the next period of growth and innovation for the company.”

“Mr. Corasanti has been a member of our board of trustees since 2015 and in that time has provided great leadership. In addition, Ms. Dempsey has proven to be a great addition to our board, bringing industry insight and guidance,” said Kevin Hair, president and CEO of SRC. “Together, their knowledge and business acumen will continue to be an invaluable resource to both SRC and the board.”

Dempsey, vice chairperson of board of trustees, SRC, Inc., is retired from Booz Allen Hamilton. Prior to her retirement, Ms. Dempsey served as executive vice president in the firm’s Defense Intelligence Group and Functional Service Organization. During her career in the federal government, Dempsey was appointed to serve as deputy director of Central Intelligence for Community Management and as executive director of the president’s Foreign Intelligence Advisory Board. Dempsey also has 17 years of experience as a senior civilian in the Department of Defense, working as deputy assistant secretary of defense for Intelligence and Security and as the designated (acting) assistant secretary of Command, Control, Communications and Intelligence. In 2004, Dempsey received the Intelligence Security Affairs Support Association William O. Baker Award. Dempsey has been granted an honorary doctorate from the National Intelligence University, holds a master’s degree from the University of Arkansas, and is a graduate of Southern Arkansas University.

About SRC

SRC, Inc. (@SRCDefense), a not-for-profit research and development company, combines information, science, technology and ingenuity to solve “impossible” problems in the areas of defense, environment and intelligence. Across a family of companies, SRC applies bright minds, fresh thinking and relentless determination to deliver innovative products and services that are redefining possible® for the challenges faced by America and its allies.

Since 1957, SRC’s commitment to the customer and the best solution — not the bottom line — has remained a core value that guides its efforts. This passion for quality carries through to the technologies the company invents and manufactures, the laboratories and facilities it builds, the people they hire, and communities where they work. Today, more than 1,600 engineers, scientists and professionals work together at SRC to protect people, the environment and our way of life.