The new incoming president and CEO of Lockheed Martin (NYSE: LMT) is the former leader of the defense contractor’s plant in Owego.
Lockheed announced Friday that Marillyn Hewson would become president and CEO effective Jan. 1 and named her president and chief operating officer effective immediately. She was also elected to the company’s board of directors.
Hewson was president at the Owego facility until January 2010 when she became executive vice president of Lockheed’s electronic systems business. She will continue to hold that position until the end of the year.
(Sponsored)
Does Your Nonprofit Need an Annual Audit?
Many people wonder if a nonprofit needs an annual audit, and the answer is—it depends.Although there is no federal requirement that all tax-exempt organizations undergo an audit, many possible triggers
How to Generate Staff Buy-In for Cloud Document Management
How businesses manage important documents has changed quite a bit throughout history. Information that used to be housed in filing cabinets and rolodexes is now stored digitally, often in one
Hewson replaces Christopher Kubasik as president and chief operating officer and incoming president and CEO. Kubasik resigned after an ethics investigation confirmed he had a close personal relationship with a subordinate employee, according to Lockheed.
His actions violated the company’s code of ethics and business conduct, the firm said.
Hewson has been with Lockheed since 1983.
The company employs about 120,000 people worldwide and generated net sales of $46.5 billion 2011. The company earned about $2.7 billion last year.
Lockheed employs about 2,300 people at a plant in Salina and another 2,900 in Owego.
Contact Tampone at ktampone@cnybj.com
