A local government contractor has appointed a new CEO days after the firm's prior top executive took on a leadership post at a peer company.
Chantilly-based Hexagon US Federal, an independent subsidiary of Swedish multinational company Hexagon Corp., has promoted Chris Reichert to president and CEO. The company's previous CEO, Tammer Olibah, recently left Hexagon US Federal to become the CEO of Intergraded Data Services, a portfolio company of Bethesda-based Arlington Capital Partners.
Hexagon US Federal provides sensors, software and autonomous tech products for the federal government and others. Formerly known as Intergraph Government Solutions, it was acquired by Hexagon Corp. in 2011 and rebranded as Hexagon US Federal in 2017. The local employs about 480 people across its offices in Chantilly, Lanham and Lexington Park, Maryland, and Huntsville, Alabama.
Reichert joined Hexagon US Federal as vice president of strategy in 2018 and was promoted to chief strategy officer in 2021. In January 2024, he became the company's chief operating officer and was appointed to its board of directors two months later.
Olibah became CEO of Hexagon US Federal in 2018 and is credited with executing a successful financial turnaround for the company. At IDS, which provides software for federal customers in the aerospace and defense sectors, Olibah replaced James Truhe, who co-founded the company in El Segundo, California, with Jerome Murray in 1997. The company has offices throughout the region including one in D.C. as well as Maryland outposts in Aberdeen, Frederick and Odenton; and Virginia offices in Arlington, Falls Church and Fort Belvoir, according to its website.
In August 2023, Arlington Capital Partners acquired IDS for an undisclosed sum, though Truhe and Murray maintained minority stakes in the company.
"I am confident that Tammer is the right person to lead IDS in this next chapter," Truhe said in an Oct. 22 statement.
Olibah was a Washington Business Journal 40 Under 40 honoree in 2020.
