Marillyn Hewson to step down as Lockheed-Martin CEO

U.S. defence giant Lockheed-Martin has announced that Marillyn Hewson is to step down as its president and CEO in June.

She will be succeeded by James D. Taiclet, who will assume the positions on June 15 this year.

Taiclet will continue to serve as a member of the corporation’s board, which he joined in 2018. He has previously served as chairman, president and CEO of American Tower Corporation since 2004 and CEO since 2003.

Hewson will then become the company’s executive chairman of the board on the same date, subject to her re-election to the board by the stockholders at the upcoming annual meeting.

“I know it is the right time to transition the leadership of Lockheed Martin. The corporation is strong, as evidenced by our outstanding financial results last year and a record backlog of business. We have a bright future – particularly with Jim and our outstanding leadership team at the helm,” said Hewson.

Other new appointments at the leadership of Lockheed-Martin include Frank A. St. John, 53, the current executive vice president of Lockheed Martin’s Rotary and Mission Systems (RMS) business, who will become chief operating officer following election by the board. l

Meanwhile, Stephanie C. Hill, the senior vice president of Enterprise Business Transformation, will succeed St. John as executive vice president, RMS. Their appointments are also effective June 15.

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