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CFO Holt Announces Departure of Information Officer for Private Sector Opportunity

Friday, May 5, 2000

WASHINGTON, DC - Chief Financial Officer (CFO) Valerie Holt today announced the resignation of Henry Debnam, Chief Information Officer for the Office of the Chief Financial Officer (OCFO). Mr. Debnam will return to his former employer, the Lockheed Martin Corporation as its Vice President of Technologies in Cherry Hill, New Jersey.

Ms. Holt said, "Mr. Debnam has been an essential member of the OCFO since 1998. He was especially effective in leading the OCFO's successful Y2K conversion effort for $7 million by evaluating and re-mediating 77 computer applications. This was the largest quantity of data in the government, four times larger than the next mission critical agency in the government. His departure will be a great loss for the District Government but we are very excited about the exciting challenge he is about to pursue."

Henry Debnam has over 23 years of extensive engineering and management experience, possessing a Bachelor's degree in Electrical Engineering from North Carolina A&T State University, an MBA from Florida Institute of Technology, and executive level training from Harvard University and University of Pennsylvania. In the private sector Debnam held executive-level engineering positions with several major corporations including AlliedSignal, Martin Marietta/General Electric, and E-Systems Corporation. In his new position at Lockheed Martin Corporation, Debnam will bring technology to new business development and corporate acquisitions.