BigBear.ai Appoints Norm Laudermilch as Chief Operating Officer and Promotes Greg Goldwater to Chief Growth Officer

COLUMBIA, Md.— May 9, 2023—BigBear.ai (NYSE: BBAI), a leader in providing AI-powered decision intelligence solutions, today announced the appointment of Norm Laudermilch as its new Chief Operating Officer, and the promotion of Greg Goldwater as its new Chief Growth Officer.

“We are thrilled to welcome Norm and congratulate Greg on his well-deserved promotion,” said Mandy Long, CEO of BigBear.ai. “Our organization is at a pivotal moment as we complete the integration and alignment of our businesses to deliver even greater value to our stakeholders. Adding two seasoned leaders to our executive team of industry veterans and experts in AI, machine learning, and data analytics will position us to continue to deliver technology-led services that enables leaders in government, healthcare, manufacturing, retail and other industries to make better decisions more quickly.”

Norm Laudermilch

Greg Goldwater

Laudermilch most recently served as Chief Technology Officer and Chief Cyber Officer at LookingGlass Cyber Solutions and has extensive experience in operational excellence, process improvement, and strategic planning, in addition to expertise in data science (AI/ML), information security, data center design and operations, and cloud computing. Laudermilch has worked in both startup and Fortune 50 environments across federal and commercial markets, is co-founder of the Internet Service Provider Security Working Group (ISPSEC) and has advised the FBI Cyber Crime Division. “I am excited to be joining BigBear.ai as it seeks to expand its presence in key markets and develop cutting-edge AI solutions that provide a higher form of decision intelligence,” said Laudermilch.

Goldwater joined BigBear.ai in June of 2021 as Vice President of Strategic Growth. He has over 19 years of information technology, data science, analytics, AI, business development and project management experience, previously delivering automation for clients and leading cross functional teams at Accenture/Accenture Federal Services. Goldwater will oversee Growth and Strategic Partnerships for all of BigBear.ai. “I am proud to take the next step in my journey at BigBear.ai. I look forward to continuing to execute on our company’s go-to-market strategies to drive revenue growth and expand our customer base,” said Goldwater.

About BigBear.ai
BigBear.ai’s mission is to deliver clarity for the world’s most complex decisions. BigBear.ai’s AI-powered decision intelligence solutions are leveraged in three core markets: global supply chains & logistics, autonomous systems and cyber. BigBear.ai’s customers, which include the US Intelligence Community, Department of Defense, the US Federal Government, as well as complex manufacturing, distribution, and healthcare, all rely on BigBear.ai’s solutions to empower leaders to decide on the best possible scenario by creating order from complex data, identifying blind spots, and building predictive outcomes. Headquartered in Columbia, Maryland, BigBear.ai is a global, public company traded on the NYSE under the symbol BBAI. For more information, visit: https://bigbearvbt1.wpengine.com and follow BigBear.ai on Twitter: @BigBearai.

Contacts
BigBear.ai
Shane Karp
[email protected]

Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Exchange Act. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding BigBear.ai’s industry, future events, and other statements that are not historical facts. These statements are based on various assumptions, whether or not identified herein, and on the current expectations of BigBear.ai’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by you or any other investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond our control. These forward-looking statements are subject to a number of risks and uncertainties, including those relating to: changes in domestic and foreign business, market, financial, political, and legal conditions; the uncertainty of projected financial information; delays caused by factors outside of our control, including changes in fiscal or contracting policies or decreases in available government funding; changes in government programs or applicable requirements; budgetary constraints, including automatic reductions as a result of “sequestration” or similar measures and constraints imposed by any lapses in appropriations for the federal government or certain of its departments and agencies; influence by, or competition from, third parties with respect to pending, new, or existing contracts with government customers; changes in our ability to successfully compete for and receive task orders and generate revenue under Indefinite Delivery/Indefinite Quantity contracts; potential delays or changes in the government appropriations or procurement processes, including as a result of events such as war, incidents of terrorism, natural disasters, and public health concerns or epidemics, such as the coronavirus outbreak; the identified material weakness in our internal controls over financial reporting (including the timeline to remediate the material weakness); increased or unexpected costs or unanticipated delays caused by other factors outside of our control, such as performance failures of our subcontractors; the rollout of the business and the timing of expected business milestones; the effects of competition on our future business; our ability to obtain and access financing in the future; and those factors discussed in the Company’s reports and other documents filed with the SEC, including under the heading “Risk Factors.” If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that BigBear.ai presently does not know or that BigBear.ai currently believes are immaterial which could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect BigBear.ai’s expectations, plans or forecasts of future events and views as of the date of this release. BigBear.ai anticipates that subsequent events and developments will cause BigBear.ai’s assessments to change. However, while BigBear.ai may elect to update these forward-looking statements at some point in the future, BigBear.ai specifically disclaims any obligation to do so. Accordingly, undue reliance should not be placed upon the forward-looking statements.