Lockheed Martin Names New CFO

Bethesda defense giant Lockheed Martin has announced that executive vice president and chief financial officer Christopher E. Kubasik will lead its electronic systems business area, succeeding Robert B. Coutts, who is retiring. Bruce L. Tanner has been selected to replace Kubasik as executive vice president and CFO.

"Both appointments will be effective Sept. 1. Coutts, 57, will serve in a special assignment role reporting to the chief executive officer until his retirement in April 2008," the company said in a release.

"Kubasik, 46, takes over leadership of one of Lockheed Martin's four business areas. With approximately 37,000 employees located around the world, Lockheed Martin Electronic Systems is engaged in the design, development, integration and production of high-performance systems that ensure the mission readiness of armed forces and government agencies worldwide. The unit had sales of $10.5 billion in 2006."

By Dan Beyers  |  August 12, 2007; 11:08 AM ET  | Category:  Lockheed
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