Northrop Grumman Announces CEO Transition
July 12 2018 - 6:25PM
Northrop Grumman (NYSE:NOC) chairman and chief executive officer
Wes Bush announced today that he will step down from the position
of chief executive officer effective Jan. 1, 2019. He will
remain chairman through July 2019.
Northrop Grumman’s board of directors has elected Kathy Warden,
the company’s president and chief operating officer, to the
position of chief executive officer and president, effective Jan.
1, 2019. The board has also elected Warden to serve as a
member of the board, effective immediately.
“I am delighted that Kathy will become our company’s next CEO,”
said Bush. “She has demonstrated exceptional leadership in
her roles leading the operations of our company, and she brings the
vision and values to lead Northrop Grumman into the future.”
“I look forward to leading Northrop Grumman and driving
performance for all our stakeholders; working with our employees,
our customers, and our shareholders as we move our company
forward,” said Warden.
“The board of directors has a strong focus on succession
planning, and Kathy’s election as our incoming CEO and president
enables us to ensure a seamless transition in this important
leadership position for our company,” said Don Felsinger, Northrop
Grumman’s lead independent director. “The board appreciates
the tremendous progress the company has made under Wes’ leadership
and we look forward to building on this progress with Kathy as our
next CEO.”
Warden joined the company in 2008, and has held a series of
positions of increasing responsibility, including serving as the
vice president and general manager of the company’s cybersecurity
business, president of its former Information Systems sector,
president of its Mission Systems sector, and currently as president
and chief operating officer.
Northrop Grumman is a leading global security company providing
innovative systems, products and solutions in autonomous systems,
cyber, C4ISR, strike, and logistics and modernization to customers
worldwide. Please visit news.northropgrumman.com and follow
us on Twitter, @NGCNews, for more information.
Contact:Tim Paynter (Media)703-280-2720
(office)timothy.paynter@ngc.com
Steve Movius (Investors)703-280-4575
(office)steve.movius@ngc.com
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