Leidos CFO To Depart

Mark Sopp will retire later this year after serving as chief financial officer for Leidos and Science Applications International Corp. for a decade, the company said Wednesday.

Leidos was created by splitting SAIC into two public companies. Sopp, who joined SAIC in 2005 and led the company through its 2006 initial public offering, also led the finance portion of the 2013 split.

Leidos said Sopp, who intends to spend more time with his family, will stay on until a replacement is found and then will be available to help with the transition. The company said it will "conduct a thorough and thoughtful search for a successor."