SRC president and CEO Tremont to retire in 2020; company COO to replace

Hair will assume the duties of SRC president on March 28, SRC added.

Tremont will retain the CEO title and responsibilities until his retirement on Jan. 31 of next year. Hair will assume the additional CEO responsibilities on Feb. 1, 2020.

Tremont and Hair will “work closely” together, with the board, and all SRC employees to “ensure a successful transfer of leadership responsibilities,” SRC noted in its news release.

SRC is a nonprofit corporation headquartered in Cicero that focuses on areas that include defense, environment, and intelligence.

Hair is “uniquely qualified and well-positioned to lead SRC to continued success,” Don Kerrick, chairman of the SRC board of directors, said in the organization’s news release.

“He brings great dedication, passion, and motivation to his new duties. His 33 years of service as COO and in various divisions and functions, gives him the insight needed to lead the company to the next level – elevating SRC’s reputation for solving problems of national and international significance,” said Kerrick.

About the leaders

Since 1985, Tremont has played a “critical role in the development and success” of SRC, the organization said.

Under Tremont’s leadership, the company expanded from 950 employees to more than 1,500 (a figure that is projected by the end of the company’s year on Sept. 30); annual revenue increased from $220 million to $365 million; and SRC “significantly” increased partnerships with community organizations.

The SRC board thanked him for his many years of service to SRC “and the nation as he led the corporation and established SRC as an indispensable supplier of unique capabilities for military, national and international customers,” per the news release.

Hair has been with the company for more than 33 years, “in roles of increasing responsibility.”

He’s been serving as COO and previously as SRC’s executive vice president of corporate business development and government affairs.

He has a bachelor’s degree in electrical engineering from Boston University and a master’s degree in computer engineering from Syracuse University, SRC said.

Contact Reinhardt at ereinhardt@cnybj.com