Serco has confirmed that its chief operating officer, Ed Casey, is heading back home to the US to take up a role with another company. Casey will leave the group on 31 December 2017.
Chief executive Rupert Soames said: “Whilst we are very sad that Ed is leaving, we completely understand that after four years of weekly commuting across the Atlantic, he would like to have a job closer to home. I would like to place on record our sincere gratitude for all he has done for Serco over the last 12 years, and in particular helping to lead the company through the critical early years of the transformation of our business.”
Ed Casey has been with Serco since 2005. He was appointed Group Chief Operating Officer in May 2014 after initially being appointed to the Board in October 2013 as Acting Group Chief Executive Officer. Previously, Ed was Chief Executive Officer of Serco’s Americas Division. He is also a member of the Executive Committee. Under Ed’s leadership, the Americas business tripled in size and successfully integrated two acquisitions: RCI in 2006 and SI International in 2008.
Prior to Serco, Ed worked for nine years in the energy business, including as President and Chief Executive Officer of NP Energy Inc., an energy marketing business he founded and later sold; President and Chief Operating Officer of Tenneco Energy until it was sold for $4 billion; and as Group President and as Chief Financial Officer for LG&E Energy Corp.
Ed worked over ten years in investment banking and private equity, including with The Blackstone Group and Fremont Group LLC.
Until December 2016 Ed wass a director of Talen Energy Corporation.