BETHESDA, Md., Jan. 29, 2021 /PRNewswire/ -- The Lockheed Martin
Corporation (NYSE: LMT) board of directors has elected President
and CEO James D. Taiclet as chairman
of the board, effective March 1.
Executive Chairman Marillyn A.
Hewson informed the board of directors of her intention to
retire as executive chairman and as a member of the board.
"Marillyn provided leadership that helped us to implement a
smooth and successful transition. As a result, we were able to
accomplish strong financial and operational performance in 2020 and
shape a vision for how we will support our nation and allies to
meet the heightened threats of the 21st century," Taiclet said.
"Her confidence in our executive leadership team and wise counsel
over the past months illustrate her legacy as one of Lockheed
Martin's most successful and respected leaders."
Hewson will transition to be a strategic advisor to the CEO
through Feb. 28, 2022. "I am proud to
continue to support Jim and the important mission of Lockheed
Martin as we deliver innovative, affordable, and leading-edge
solutions for our customers," Hewson said.
The board also elected Gregory M.
Ulmer, 56, as executive vice president of Aeronautics. He
succeeds Michele A. Evans, who
passed away earlier this year. Ulmer has served as acting
executive vice president, Aeronautics since Dec. 1, 2020, and as vice president and general
manager, F-35 Lightning II Program since March 2018. Ulmer has
led critical initiatives for Lockheed Martin throughout his career.
His appointment is effective Feb. 1.
"With Greg's wide-ranging experience and impressive record of
leadership, we are confident that Aeronautics will continue its
legacy of success under his leadership," Taiclet said.
About Marillyn Hewson
Hewson became executive chairman of Lockheed Martin on June 15, 2020. Prior to that, she served as
chairman, president and CEO and led Lockheed Martin from 2013 to
June 2020 through a period of
consistent financial performance and impressive growth. During her
38 years at Lockheed Martin, Hewson held executive positions of
increasing responsibility with the corporation.
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.
About James Taiclet
Taiclet joined the Lockheed Martin board of directors in 2018 and
was elected president and CEO of the corporation last year. He
assumed that position on June 15,
2020.
A proven chief executive, Taiclet's previous tenure as CEO of
American Tower Corporation started in 2003 and he became chairman,
president and CEO in 2004. During that time, American Tower grew
significantly and increased its market capitalization from
approximately $2 billion to more than $100
billion.
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.
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 and is a
distinguished graduate of the United States Air Force
Academy with degrees in engineering and international
relations.
About Greg Ulmer
Ulmer
leads the Lockheed Martin Aeronautics portfolio, which features
fifth-generation tactical aircraft, air mobility, unmanned and
intelligence/surveillance/reconnaissance platforms, including F-35,
F-22, F-16, C-130; as well as Advanced Development Programs (ADP),
also known as Skunk Works®.
As vice president and general manager, F-35 Lightning II
Program, Ulmer was responsible for leading all areas of the F-35
Lightning II fighter aircraft program, to include development,
production, sustainment and modernization. He also previously
served as vice president of Operations for Skunk Works®.
Ulmer graduated from California Polytechnic State University in
San Luis Obispo, California, with
a bachelor's degree in aeronautical engineering. He also holds an
executive master's degree in business management with an emphasis
on aerospace from the University of
Tennessee.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security
and aerospace company that employs approximately 114,000 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