Latest news with #Olivet
Yahoo
13 hours ago
- Business
- Yahoo
BAE Systems, Inc. Names Tara Olivet Senior Vice President of Finance
FALLS CHURCH, Va., June 09, 2025--(BUSINESS WIRE)--BAE Systems, Inc. has named Tara Olivet as its senior vice president of Finance, effective June 7. Olivet will lead financial operations for the company's U.S.-based businesses, which generated 2024 sales of $16.85 billion and employs more than 40,000 employees across the United States, United Kingdom, and Sweden. She will also serve as a member of the BAE Systems, Inc. senior leadership team, reporting to President and CEO Tom Arseneault. "During her 20-year tenure at BAE Systems, Tara has distinguished herself as a highly accomplished and widely respected executive," said Arseneault. "Her experience, leadership, and dedication to the company's mission will continue to be foundational to our future growth and success." Olivet joined BAE Systems in 2005 and has held numerous roles across the global enterprise, most recently serving as BAE Systems, Inc.'s deputy senior vice president of Finance, and prior to that, as vice president of Finance for the Platforms & Services sector. Before that, she spent six years with BAE Systems, Inc.'s headquarters team as the vice president of Internal Audit and Controller. Olivet also served as the finance and controls director for the U.K. Aircraft Carrier Alliance, which built and delivered the Queen Elizabeth Class Carriers to the Royal Navy, among other roles. Olivet succeeds Dan Sallet, who will support special projects until his retirement in January. "I want to thank Dan for the tremendous contributions he's made to our company throughout his more than 35-year career," said Arseneault. "His exceptional work has helped BAE Systems and its employees, customers, and shareholders to thrive." Olivet holds a Master of Business Administration from Georgetown University; a Bachelor of Business Administration in finance and marketing from Ithaca College; and a Certificate in Accounting from the University of California, Berkeley. She is also a Certified Public Accountant (CPA). View source version on Contacts For more information, please contact: Veronica Bonilla, BAE SystemsMobile: @BAESystemsInc
Business Wire
14 hours ago
- Business
- Business Wire
BAE Systems, Inc. Names Tara Olivet Senior Vice President of Finance
FALLS CHURCH, Va.--(BUSINESS WIRE)--BAE Systems, Inc. has named Tara Olivet as its senior vice president of Finance, effective June 7. Olivet will lead financial operations for the company's U.S.-based businesses, which generated 2024 sales of $16.85 billion and employs more than 40,000 employees across the United States, United Kingdom, and Sweden. She will also serve as a member of the BAE Systems, Inc. senior leadership team, reporting to President and CEO Tom Arseneault. 'During her 20-year tenure at BAE Systems, Tara has distinguished herself as a highly accomplished and widely respected executive,' said Arseneault. 'Her experience, leadership, and dedication to the company's mission will continue to be foundational to our future growth and success.' Olivet joined BAE Systems in 2005 and has held numerous roles across the global enterprise, most recently serving as BAE Systems, Inc.'s deputy senior vice president of Finance, and prior to that, as vice president of Finance for the Platforms & Services sector. Before that, she spent six years with BAE Systems, Inc.'s headquarters team as the vice president of Internal Audit and Controller. Olivet also served as the finance and controls director for the U.K. Aircraft Carrier Alliance, which built and delivered the Queen Elizabeth Class Carriers to the Royal Navy, among other roles. Olivet succeeds Dan Sallet, who will support special projects until his retirement in January. 'I want to thank Dan for the tremendous contributions he's made to our company throughout his more than 35-year career,' said Arseneault. 'His exceptional work has helped BAE Systems and its employees, customers, and shareholders to thrive.' Olivet holds a Master of Business Administration from Georgetown University; a Bachelor of Business Administration in finance and marketing from Ithaca College; and a Certificate in Accounting from the University of California, Berkeley. She is also a Certified Public Accountant (CPA).
Forbes
30-04-2025
- Business
- Forbes
DOGE Days: Inside The Dismantling Of The Federal Homelessness Agency
NEW YORK, NY - SEPTEMBER 10: A homeless man sleeps under an American Flag blanket on a park bench on ... More September 10, 2013 in the Brooklyn borough of New York City. As of June 2013, there were an all-time record of 50,900 homeless people, including 12,100 homeless families with 21,300 homeless children homeless in New York City. (Photo by) Terminations, reductions in force, administrative leave, and temporary restraining orders — and Tesla CEO Elon Musk — are all associated with the Trump administration's newly launched Department of Government Efficiency, better known as DOGE. The department has made headlines for mass firings, contract cancellations, and the hollowing of key federal agencies. Yet, little is known about how DOGE actually operates. Though Musk admits DOGE may only trim $150 billion from federal spending — well below its $1 trillion goal—the behind-the-scenes process offers clues about the administration's broader governing style. Internal documents obtained by Forbes and interviews with those involved in DOGE's handling of the United States Interagency Council on Homelessness (USICH) reveal a process best described as chaotic and opaque. On the day the Senate voted to fund the federal government through September 2025, President Trump signed an executive order reducing USICH to its "statutory functions and associated personnel to the minimum presence and function required by law." USICH, established by Congress in 1987, coordinates the federal response to homelessness. According to Jeff Olivet — who served as USICH executive director under the Biden administration — the council's very purpose has always been government efficiency. 'When the agency came into being, and ever since, it has been with the explicit purpose of government efficiency,' said Olivet, senior adviser for the initiative on health and homelessness at the Harvard T.H. Chan School of Public Health. 'Half the name of DOGE is the fundamental mission of the agency. Our council's role is to coordinate, to streamline, to eliminate duplication of funding and of efforts, and to make the best impact possible with these various federal funding streams.' But just two weeks after Trump's order, DOGE sent an email requesting a meeting with USICH senior staff, referencing the executive order and floating the possibility of reducing or closing the agency. Despite its modest $4 million budget, no grantmaking authority, and a 2028 sunset clause, few at USICH anticipated a collision with the DOGE wrecking ball. Over a decade, the agency had achieved significant results, including a 55% decrease in veteran homelessness since 2010. NEW YORK, NY - SEPTEMBER 22, 2017: A man with a sign identifying himself as a homeless Army veteran ... More asks for money as he sits on a New York City sidewalk. (Photo by) 'It was a germ of an idea at USICH that led to real impact,' Olivet explained. 'We partnered with HUD, the VA, and Congress. With the right strategy and funding, we changed lives.' None of that mattered to DOGE. The first meeting hastily took place over Google Meet — an unsecure choice, especially after DOGE requested personally identifiable information. According to multiple sources, DOGE's representative, Nate Cavanaugh, introduced himself as 'the boss' and offered no formal appointment letter until pressed for one. Days later, USICH received notice that Kenneth Jackson, a high-ranking USAID official, had been appointed as the new executive director. However, Jackson delegated all responsibilities to Cavanaugh. 'Typically, there is an appointment letter when the council gets an agency director, and it was days before I got that information,' one source said on the condition of anonymity. In that letter, Jackson, whose roles include: State Department senior advisor; deputy administrator for management and resources, and chief financial officer at U.S. Agency for International Development (USAID); and agency head for the U.S. Institute of Peace, the Inter-American Foundation, and USICH, was appointed as executive director. After a cursory review, Cavanaugh decided all but one staffer would be laid off. Those offered 'deferred resignations' would remain on payroll—on administrative leave—until September 30. The entire meeting lasted fifteen minutes and, according to attendees, felt scripted and devoid of understanding about federal operations. DOGE informed staff that it interpreted the statutory staffing requirement as just one person—effectively gutting the agency. Cavanaugh himself admitted he hadn't read the Reduction in Force (RIF) plan submitted to the Office of Personnel Management, which was due to the Trump administration on the same day the order was signed. 'It's evident that they're speaking from a point of having no real-world experience or experience with the federal government,' another anonymous source said. 'Because there are many procedures, many processes that we are paid to be experts in.' The source continued, 'They had no grasp of agency protocols. They were reading off a template. It was robotic—like an AI module.' US Department of Energy with Flag Reflection DOGE staff, several sources say, have since been unreachable for basic HR and payroll questions. Meanwhile, the General Services Administration abruptly canceled the agency's office lease at 1275 First Street NE, a move USICH officials say occurred independently of DOGE. They were instead instructed to use the much-maligned system, which has previously placed displaced federal employees in everything from abandoned restaurants to crowded shared spaces. Within a week of DOGE's arrival, USICH had been reduced to a single employee: a payroll administrator. Those declining the deferred resignation were immediately RIFed. Senators Susan Collins (R-ME) and Jack Reed (D-RI) urged the Trump administration to maintain USICH's staffing, describing the agency as 'cost-effective' and 'critical.' Their bipartisan letter to OMB fell on deaf ears. Rep. Maxine Waters (D-CA) also condemned the move. 'As if dismantling HUD wasn't enough, the Trump administration quietly gutted USICH late on a Friday night, hoping no one would notice,' Waters said. 'It's clear Trump has no idea what USICH does or why it matters.' WASHINGTON, DC - FEBRUARY 10: U.S. Rep. Maxine Waters (D-CA) speaks as Congressional Democrats and ... More CFPB workers hold a rally to protest the closing of the Consumer Financial Protection Bureau (CFPB) and the work-from-home order issued by CFPB Director Russell Vought outside its headquarters on February 10, 2025 in Washington, DC. (Photo byfor MoveOn) Even as Congress pushed back, DOGE prevailed, leading many government professionals to question the viability of checks and balances. 'As a government professional, I have spent my life and career upholding my oath to the country and, most importantly, the Constitution and the checks and balances prescribed in it,' a USICH staffer said on the condition of anonymity. 'But this process makes clear that the checks we count on are little more than theater.' In FY 2020, African-American women represented 11.7% of the civilian federal workforce, nearly double their representation in the civilian labor force. One USICH employee believes that Trump's targeting of the USICH and agencies like it is an affront to Black women civil servants. 'Highly skilled professional Black women in government service make up a great deal of those being targeted by DOGE,' one USICH employee told Forbes. 'Undergirding the middle class of Southern Maryland, Northern Virginia, Washington, D.C., and communities throughout the nation. The rogue firing of these workers put the middle class in peril.' Despite the agency's dismantling, Olivet believes USICH's legacy will endure, highlighting the council's work in Denver and Dallas. 'Throughout the entirety of the Biden administration, our focus was to have real community impact,' he said. 'We tried to push money, resources, information and support out to communities that are not as easily undone once you've already been out.' Yet as homelessness continues to climb, and local governments struggle under increasing burdens, the future remains uncertain. With USICH defunded and dismantled, one pressing question looms: In Trump's "Golden Era," who will stand between the unhoused and the street?
Yahoo
27-03-2025
- Yahoo
Olivet man identified in crash
SIOUX FALLS, S.D. (KELO) — An Olivet man that died on Monday in a crash has been identified. Alleged victims of former massage therapist in detail claims of inappropriate touching The Department of Public Safety says Rendell Schelske was driving a 1999 Cadillac DeVille north on 426th Avenue and slowed down at the intersection of 281st Street, attempting to make a U-turn. At the same time, the driver of a 1998 Peterbilt 379 semi was traveling the same direction and attempted to maneuver around the Cadillac as it continued its U-turn. The vehicles collided and drove into the west ditch. Schelske suffered fatal injuries. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
26-03-2025
- Yahoo
Olivet man killed in two-vehicle crash north of town
Mar. 25—OLIVET, S.D. — An Olivet man was killed in a two-vehicle crash Monday evening, approximately five miles north of Olivet, South Dakota. According to preliminary crash reports, the driver of a 1999 Cadillac DeVille, a 73-year-old man, was traveling north on 426th Avenue and slowed at the intersection of 281st Street to attempt a U-turn. At the same time, a 1998 Peterbilt 379 semi, driven by a 35-year-old man with a 43-year-old passenger, was also traveling north and attempted to maneuver around the Cadillac. The vehicles collided and came to rest in the west ditch. The driver of the Cadillac sustained fatal injuries. Both the semi driver and passenger were wearing seatbelts and were uninjured. The driver of the Cadillac was not wearing a seatbelt. Authorities have not released the names of those involved as they await notification of family members. The South Dakota Highway Patrol is investigating the crash. Further details will be released as the investigation continues.
