BETHESDA, Md., June 15, 2020 /PRNewswire/ -- In a planned
leadership transition, experienced chief executive, Gulf War
veteran and pilot James D. Taiclet,
60, today became president and CEO of Lockheed Martin Corporation
[NYSE: LMT]. He succeeds Marillyn A.
Hewson, 66, who has served as chairman, president and CEO
since 2014 and president and CEO since 2013. Taiclet will continue
to serve as a member of the corporation's board, which he joined in
2018. Hewson will become executive chairman of the board and
provide ongoing support for the leadership transition.
"As a former military pilot, I understand the mission of this
great corporation to provide global security and innovative
solutions for the brave men and women who protect our freedom,"
Taiclet said. "I come into this role at a time when our nation and
its allies have been tested globally by new and emerging threats.
Now more than ever, it's critical we continue to deliver the best
systems and equipment in the world. I'm honored to succeed
Marillyn, who is rightfully one of the most respected CEOs in
America, and to lead a workforce that is inventing and advancing
the technology and security of our future."
"This disciplined leadership transition reflects deliberate and
thorough succession planning and is being implemented strategically
at a time when Lockheed Martin is financially strong and positioned
well for the future," Hewson said. "I have every confidence Jim and
his executive leadership team will continue driving sustained
success through sound business strategy, strong customer
relationships and deep mission focus."
About Jim Taiclet
Taiclet's tenure as CEO of American Tower Corporation started in
2003 and he became chairman, president and CEO in 2004. Since then,
American Tower grew significantly and increased its market
capitalization from approximately $2
billion to more than $100
billion. Taiclet guided the company's transformation from a
primarily U.S. business to a global player in its industry and he
is widely regarded as one of America's most successful CEOs.
Prior to joining American Tower in 2001, Taiclet was president
of Honeywell Aerospace Services, a unit of Honeywell International,
and prior to that was vice president, Engine Services at Pratt
& Whitney. He was also previously a consultant at McKinsey
& Company, specializing in telecommunications and aerospace
strategy and operations.
Taiclet began his career as a U.S. Air Force officer and pilot
and served a tour of duty in the Gulf War. He holds a master's
degree in public affairs from Princeton University, where he
was awarded a fellowship at the Woodrow Wilson School, and is a
distinguished graduate of the United States Air Force
Academy with degrees in engineering and international
relations.
About Marillyn Hewson
As president and CEO, Hewson led Lockheed Martin through a
period of consistent financial performance and impressive growth
during which the corporation's market capitalization increased
280%. During her 37 years at Lockheed Martin, Hewson has held
increasingly responsible executive positions with the corporation,
including president and chief operating officer and executive vice
president of Lockheed Martin's Electronic Systems business
area.
In 2019, TIME magazine identified Hewson as one of the "100 Most
Influential People in the World," and FORTUNE magazine ranked her
No. 1 on its list of "50 Most Powerful Women in Business" for the
second year in a row. In 2018, she was named the "CEO of the Year"
by Chief Executive magazine, a Top 10 "Businessperson of the Year"
by FORTUNE magazine, and one of the "World's 100 Most Powerful
Women" by Forbes.
Additional Leadership Transitions
Several other executive leadership appointments became effective
today as part of the transition. Frank A.
St. John, 53, became chief operating officer. In this newly
created role, he is responsible for the strategic, operational and
financial performance of all the corporation's lines of business.
St. John joined Lockheed Martin more than 30 years ago as an
engineering intern and took on roles of increasing responsibility
in engineering and program management before joining the
corporation's executive leadership team. Most recently, he served
as executive vice president of Lockheed Martin's Rotary and Mission
Systems (RMS) business area and prior to that as executive vice
president of Lockheed Martin's Missiles and Fire Control (MFC)
business area.
Stephanie C. Hill, 55, succeeded
St. John as executive vice president of RMS. Most recently Hill
served as senior vice president, Enterprise Business
Transformation, where she led the corporation's Digital
Transformation and Enterprise Information Technology teams. Prior
to that, she was deputy executive vice president of RMS and senior
vice president for Corporate Strategy and Business Development. She
has held positions of increasing responsibility since joining
Lockheed Martin in 1987 as a software engineer.
Yvonne O. Hodge succeeded Hill as
senior vice president, Enterprise Business Transformation.
Previously Hodge was vice president of Business Innovation,
Transformation, and Enterprise Excellence for the corporation's
Space business area. During her nearly 18 years with Lockheed
Martin, she has served in several leadership roles. Prior to
joining Lockheed Martin, Hodge spent many years at AT&T in
managerial and executive positions, including vice president of
operations for business customers.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a
global security and aerospace company that employs approximately
110,000 people worldwide and is principally engaged in the
research, design, development, manufacture, integration and
sustainment of advanced technology systems, products and services.
For additional information, visit our website:
www.lockheedmartin.com.
Please follow @LMNews on Twitter for the latest
announcements and news across the corporation.
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SOURCE Lockheed Martin