Fredericksburg, Va., 06-2-2025: SimVentions co-founder and CEO, Larry Root, has announced his plans to step down as SimVentions CEO effective July 2025 and will officially retire in December of 2025. Mr. Root has served as SimVentions CEO since its founding over 25 years ago, having overseen the growth of the company from three employees to over 400, from a virtual office to three physical offices with several of its employees spread across the Country, and from a privately held C-Corp with a limited number of shareholders to a 100% employee-owned ESOP S-Corp in 2020. Although retiring in 2025, Mr. Root will remain on SimVentions Board of Directors and continue to serve as its chairman.
In addition, the SimVentions Board of Directors (BoD) has named SimVentions current President, Joe Caliri, as Mr. Root’s successor. Mr. Caliri has been with SimVentions for more than 16 years with the last five years spent serving as its President. His selection by SimVentions BoD as the next CEO of SimVentions was a result of his deep experience and knowledge of SimVentions and its culture, his direct involvement in the success and growth of SimVentions customers and offerings over those 16 years, his broad understanding of the defense industrial base, his past service to our Country in the US Navy, his educational credentials that include an MBA degree and a PMP certification, his love for and involvement in local community organizations and efforts, and, his drive and vision for not just who SimVentions is today but what SimVentions can become tomorrow. Mr. Caliri will continue as the company’s President and is expected to take the reins as SimVentions next CEO in July 2025.
Mr. Root shared these thoughts regarding his pending retirement – “I am grateful for the many opportunities that I have had during my more than 25 years of stewarding SimVentions as its CEO. I am thankful for God’s providential hand on the company and for His wisdom and guidance through numerous challenges over the years. I am proud of the positive impact SimVentions has had over the years on our Nation’s warfighters, our DoD customers, each other, and the communities where our employee-owners live and work. I am proud of the reputation we have earned as one of the best defense contractors in our region, and for the many accolades we have received along the way. We are a great company because we have great people, and it has been our great people that has made working at SimVentions enjoyable, exciting, and something that I looked forward to every day! However, I am now looking forward to retirement, and I am excited for Joe as he takes the reins as the next CEO of SimVentions.”
Mr. Caliri shared these thoughts regarding his pending promotion as SimVentions next President and CEO – “I am happy for Larry as he begins his path toward a well-earned retirement. I am thankful for the many opportunities he has presented me to serve over the last 16 years. I am also excited about expanding on SimV’s past success. I look forward to the even more significant impact we will have on each other, our customers, and our communities moving forward. Serving as this company’s president and CEO is an honor and a responsibility I take seriously, ensuring that SimV upholds its purpose, vision, mission, and core values.”
Please join us in congratulating Mr. Root regarding his upcoming retirement from SimVentions, and, in congratulating Mr. Caliri regarding his pending promotion as its next President and CEO.
About SimVentions, Inc.: SimVentions is a 100% employee-owned, DoD contractor, focused on developing, integrating, and transitioning new technology to our country’s warfighters. SimVentions’ corporate office is located at 100 Riverside Pkwy, Suite 123, Fredericksburg, VA, 22406. Our Dahlgren office address is 17021 Combs Drive, Suite D, King George, VA, 22485 and our Virginia Beach office address is 468 Viking Drive, #210, Virginia Beach, VA, 23452. For additional information about SimVentions, please visit https://www.simventions.com/.
Due to continued success and planned growth, SimVentions is always looking for qualified candidates across all disciplines to work in the Fredericksburg, VA; Dahlgren, VA; Washington, D.C.; Charleston, SC; and Virginia Beach, VA areas. Apply online at https://www.simventions.com/careers.