Lockheed Martin's Marillyn Hewson To Step Down As CEO
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March 16, 2020 - by Reporting by Rachit Vats in Bengaluru and Mike Stone in Washington, D.C.; Editing by Sriraj Kalluvila and Nick Zieminski for reuters.com
(Reuters) - Lockheed Martin Corp (LMT.N) said on Monday company veteran Marillyn Hewson will step down as chief executive officer, and tapped board member and American Tower Corp (AMT.N) boss James Taiclet as her replacement.
Hewson has been with the Pentagon's largest defense contractor since 1983 and took over as chief executive in January 2013.
"The timing is right not only for our company, but for me personally." Hewson said in a post on LinkedIn, adding she plans to spend more time with her family.
Under Hewson's leadership, Lockheed stock has gained more than three-fold, thanks to expanded international demand, the F-35 fighter jet program and other military contracts that grew due to increased U.S. defense spending under...
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