Raytheon CEO Hayes Takes on Chairman Role

By Matt Grossman

Raytheon Technologies Corp. said Monday that Gregory J. Hayes has been appointed chairman, in addition to his role as chief executive.

Mr. Hayes's appointment coincides with the retirement of Executive Chairman Thomas A. Kennedy, who plans to step down on June 1, the Waltham, Mass.-based aerospace and defense company said.

Mr. Hayes served as chairman and CEO of United Technologies Corp. before that company's merger with Raytheon Co. last year. At United Technologies, Mr. Hayes oversaw the divestiture of Sikorsky Aircraft, the acquisition of Rockwell Collins and spinoffs of Otis Elevator Co. and Carrier Corp.

Mr. Kennedy was Raytheon's chairman and CEO before the merger. He has worked at Raytheon for 38 years.

Write to Matt Grossman at matt.grossman@wsj.com

(END) Dow Jones Newswires

April 26, 2021 08:24 ET (12:24 GMT)

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