Lockheed Appoints New Chief Financial Officer
December 10 2018 - 5:28PM
Dow Jones News
By Micah Maidenberg
Lockheed Martin Corp.'s (LMT) finance chief for more than a
decade plans on retiring next year, and the defense contractor has
appointed a company veteran to replace him.
Bruce Tanner, Lockheed's CFO since September 2007, intends to
retire by the middle of next year, the company said Monday. It
board approved the appointment of Kenneth Possenriede to take on
the job.
Mr. Possenriede, 58 years old, will take over the role effective
February 11, 2019. He also will hold the title of executive vice
president, the company said.
Mr. Possenriede currently works as vice president of finance and
program management in Lockheed's aeronautics unit. He previously
served in a range of executive roles for the company.
Mr. Tanner led Lockheed's finance team amid several significant
deals, including its $9 billion acquisition of helicopter maker
Sikorsky Aircraft and its decision to sell its government
information technology business, Lockheed said Monday.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
December 10, 2018 17:13 ET (22:13 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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