|Revealed: January 2021|
BETHESDA, Md. The Lockheed Martin Company (NYSE: LMT) board of administrators has elected President and CEO James D. Taiclet as chairman of the board, efficient March 1.
Government Chairman Marillyn A. Hewson knowledgeable the board of administrators of her intention to retire as government chairman and as a member of the board.
“Marillyn supplied management that helped us to implement a easy and profitable transition. In consequence, we have been capable of accomplish sturdy monetary and operational efficiency in 2020 and form a imaginative and prescient for the way we’ll help our nation and allies to fulfill the heightened threats of the twenty first century,” Taiclet stated. “Her confidence in our government management staff and clever counsel over the previous months illustrate her legacy as certainly one of Lockheed Martin’s most profitable and revered leaders.”
Hewson will transition to be a strategic advisor to the CEO by Feb. 28, 2022. “I’m proud to proceed to help Jim and the essential mission of Lockheed Martin as we ship modern, inexpensive, and modern options for our prospects,” Hewson stated.
The board additionally elected Gregory M. Ulmer, 56, as government vp of Aeronautics. He succeeds Michele A. Evans, who handed away earlier this yr. Ulmer has served as appearing government vp, Aeronautics since Dec. 1, 2020, and as vp and basic supervisor, F-35 Lightning II Program since March 2018. Ulmer has led essential initiatives for Lockheed Martin all through his profession. His appointment is efficient Feb. 1.
“With Greg’s wide-ranging expertise and spectacular file of management, we’re assured that Aeronautics will proceed its legacy of success below his management,” Taiclet stated.
About Marillyn Hewson
Hewson grew to become government chairman of Lockheed Martin on June 15, 2020. Previous to that, she served as chairman, president and CEO and led Lockheed Martin from 2013 to June 2020 by a interval of constant monetary efficiency and spectacular development. Throughout her 38 years at Lockheed Martin, Hewson held government positions of accelerating accountability with the company.
In 2019, TIME journal recognized Hewson as one of many “100 Most Influential Individuals within the World,” and FORTUNE journal ranked her No. 1 on its record of “50 Most Highly effective Ladies in Enterprise” for the second yr in a row. In 2018, she was named the “CEO of the Yr” by Chief Government journal, a High 10 “Businessperson of the Yr” by FORTUNE journal, and one of many “World’s 100 Most Highly effective Ladies” by Forbes.
About James Taiclet
Taiclet joined the Lockheed Martin board of administrators in 2018 and was elected president and CEO of the company final yr. He assumed that place on June 15, 2020.
A confirmed chief government, Taiclet’s earlier tenure as CEO of American Tower Company began in 2003 and he grew to become chairman, president and CEO in 2004. Throughout that point, American Tower grew considerably and elevated its market capitalization from roughly $2 billion to greater than $100 billion.
Previous to becoming a member of American Tower in 2001, Taiclet was president of Honeywell Aerospace Providers, a unit of Honeywell Worldwide, and previous to that was vp, Engine Providers at Pratt & Whitney.
Taiclet started his profession as a U.S. Air Power officer and pilot and served a tour of obligation within the Gulf Struggle. He holds a grasp’s diploma in public affairs from Princeton College and is a distinguished graduate of america Air Power Academy with levels in engineering and worldwide relations.
About Greg Ulmer
Ulmer leads the Lockheed Martin Aeronautics portfolio, which options fifth-generation tactical plane, air mobility, unmanned and intelligence/surveillance/reconnaissance platforms, together with F-35, F-22, F-16, C-130; in addition to Superior Growth Packages (ADP), also referred to as Skunk Works®.
As vp and basic supervisor, F-35 Lightning II Program, Ulmer was answerable for main all areas of the F-35 Lightning II fighter plane program, to incorporate improvement, manufacturing, sustainment and modernization. He additionally beforehand served as vp of Operations for Skunk Works®.
Ulmer graduated from California Polytechnic State College in San Luis Obispo, California, with a bachelor’s diploma in aeronautical engineering. He additionally holds an government grasp’s diploma in enterprise administration with an emphasis on aerospace from the College of Tennessee.