By Josh Beckerman

 

Lockheed Martin Corp. said Executive Chairman Marillyn A. Hewson will retire and Chief Executive James D. Taiclet will become chairman, effective March 1.

Ms. Hewson will be a strategic advisor to the CEO through Feb. 28, 2022.

Mr. Taiclet said, "Marillyn provided leadership that helped us to implement a smooth and successful transition," and 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."

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

January 29, 2021 11:30 ET (16:30 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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