WALTHAM, Mass., Oct. 5, 2017 /PRNewswire/ -- Raytheon Company
(NYSE: RTN) today announced that Todd
Ernst has been named vice president, Corporate Development
to succeed Michael J. Cody, who is
retiring after serving more than eight years in the role at the
company. The change is effective Nov. 6,
2017.
Ernst adds oversight of merger and acquisitions while continuing
his role as head of Investor Relations. He also continues to report
to Raytheon vice president and Chief Financial Officer Toby O'Brien.
"Todd's expertise in finance, banking and strategy is ideally
suited to his expanded role as we continue to position the company
for global growth," said O'Brien. "I want to thank Michael for his
solid leadership of our Corporate Development function and
congratulate him on an impressive career supporting our overall
global growth, competitive advantage and enterprise collaboration
goals."
Ernst has led Raytheon's Investor Relations since November 2010. He joined Raytheon in January 2010 as director, Competitive Assessment
for Corporate Strategy. Previously, he held senior equity analyst
positions at Balyasny Asset Management and Neuberger Berman,
covering aerospace and defense and other industry sectors. He holds
a Bachelor of Arts in History from DePauw
University and a Master of Business Administration with an
emphasis in Finance and Corporate Strategy from the University of Michigan's Ross School of Business. He is also a designated
Certified Treasury Professional.
Cody has led Corporate Development since June 2009 when he joined Raytheon. He was
instrumental in shaping the company's cyber and technology
portfolios, leading 20 acquisitions including Raytheon's
$1.57 billion agreement with Vista
Equity Partners to form a new company that combined Websense (a
Vista portfolio company) with Raytheon Cyber Products to become
what is now Forcepoint. Previously, he served in senior corporate
development roles at Ensign-Bickford Industries Inc., Meadowood
Capital Ltd, EMC Corporation and United Technologies Corporation.
He also held investment banking positions at PricewaterhouseCoopers
and Kidder Peabody & Co.
Additionally, Cody served as a director on the boards of MTI
Technologies Ltd. and Safeguard Scientifics Inc. He holds a
Bachelor of Arts in Economics from the University of Massachusetts, and a Master of
Business Administration from Columbia
University – Columbia Business
School.
About Raytheon
Raytheon Company, with 2016 sales of $24
billion and 63,000 employees, is a technology and innovation
leader specializing in defense, civil government and cybersecurity
solutions. With a history of innovation spanning 95 years, Raytheon
provides state-of-the-art electronics, mission systems integration,
C5I™ products and services, sensing, effects, and
mission support for customers in more than 80 countries. Raytheon
is headquartered in Waltham,
Massachusetts. Follow us on Twitter.
Investor Relations Contact
Todd Ernst
+1.781.522.5141
Media Contact
Corinne
Kovalsky
+1.781.522.5899
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SOURCE Raytheon Company