Lockheed Martin incoming CEO resigns
Posted: Sat, Nov 10, 2012, 7:45 AM ET (1245 GMT)
The man tapped to be the next CEO of aerospace giant Lockheed Martin abruptly resigned late Friday afternoon after he confirmed he had an affair. Christopher Kubasik, the vice chairman, president, and COO of the company, was to become CEO in January, replacing the retiring Robert Stevens. However, the company said in a statement that Kubasik violated the company's ethics code by having "a close personal relationship with a subordinate employee." Marillyn Hewson, the executive vice president of the company's Electronic Systems unit who was to succeed Kubasik as COO, was named president and CEO on Friday and will become CEO in January. Stevens said the incident was a "temporary distraction" that would not have a long-term effect on the company.
The man tapped to be the next CEO of aerospace giant Lockheed Martin abruptly resigned late Friday afternoon after he confirmed he had an affair. Christopher Kubasik, the vice chairman, president, and COO of the company, was to become CEO in January, replacing the retiring Robert Stevens. However, the company said in a statement that Kubasik violated the company's ethics code by having "a close personal relationship with a subordinate employee." Marillyn Hewson, the executive vice president of the company's Electronic Systems unit who was to succeed Kubasik as COO, was named president and CEO on Friday and will become CEO in January. Stevens said the incident was a "temporary distraction" that would not have a long-term effect on the company.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
|
|
news links
|
|
Friday, March 13
Firefly Aerospace to Announce Fourth Quarter 2025 Financial Results on March 19, 2026
GlobeNewswire — 5:35 am ET (0935 GMT) ESA’s HydroGNSS on track to scout for water
ESA — 5:34 am ET (0934 GMT) FCC chair slams Amazon for slow satellite launches after it opposed SpaceX data center plan
CNBC — 5:34 am ET (0934 GMT) Falcon 9 launch of Starlink satellites scheduled from Vandenberg SFB early Friday morning
KEYT-TV Santa Barbara, CA — 5:33 am ET (0933 GMT) Better Signal: 1,600 Starlink Satellites Move Into Lower Orbits
PC Magazine — 5:33 am ET (0933 GMT) |
