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2020-05-03
Lockheed Martin Elects New President and CEO
Recently, the Board of Directors of Lockheed Martin announced that they had elected James D. Taiclet as president and CEO, effective June 15. Taiclet will succeed Marillyn A. Hewson who has served as chairman, president and CEO since 2014 and president and CEO since 2013. Hewson will become executive chairman of the board, also effective June 15, subject to her re-election to the board by the stockholders at an upcoming annual meeting.
“I know it is the right time to transition the leadership of Lockheed Martin. The corporation is strong, as evidenced by our financial results last year and a record backlog of business. We have a bright future,” said Hewson. “As Lockheed Martin’s next CEO, Jim will lead the company forward in its next phase of growth and value creation.”
Taiclet will continue to serve as a member of the corporation’s board, which he joined in 2018. He has served as chairman, president and CEO of American Tower Corporation since 2004 and CEO since 2003. He guided the company’s transformation from a primarily U.S. business to a global player in its industry, with significant assets and operations in 19 countries.
Prior to joining American Tower in 2001, Taiclet was president of Honeywell Aerospace Services, a unit of Honeywell International, and prior to that was vice president, engine services at Pratt & Whitney, a unit of United Technologies Corporation. He was also previously a consultant at McKinsey & Company, specialising in telecommunications and aerospace strategy and operations.
Taiclet began his career as a United States Air Force officer and pilot and served a tour of duty in the Gulf War. He holds a master’s degree in public affairs from Princeton University, where he was awarded a fellowship at the Woodrow Wilson School and is a distinguished graduate of the United States Air Force Academy with degrees in engineering and international relations.
“I’m honoured to be asked to succeed one of the most respected CEOs in America. While serving on Lockheed Martin’s board, I’ve not only been impressed by the company’s continued growth as a leader in aerospace & defence but also by the dedication and commitment of Marillyn and Lockheed Martin employees to deliver for its customers,” said Taiclet.
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