Northrop Grumman changes CEO

The chairman and chief executive officer of Northrop Grumman , Wes Bush will be stepping down in 2019. He will, however, remain as the chairman till the end of July 2019, as he steps down from his position of chief executive officer in January.


 

The chairman and chief executive officer of Northrop Grumman , Wes Bush will be stepping down in 2019. He will, however, remain as the chairman till the end of July 2019, as he steps down from his position of chief executive officer in January.

 

Northrop Grumman’s board of directors has elected Kathy Warden, the company’s president and chief operating officer, to the position of chief executive officer and president, effective Jan. 1, 2019.  The board has also elected Warden to serve as a member of the board, effective immediately.

 

“I am delighted that Kathy will become our company’s next CEO,” said Bush.  “She has demonstrated exceptional leadership in her roles leading the operations of our company, and she brings the vision and values to lead Northrop Grumman into the future.”

“I look forward to leading Northrop Grumman and driving performance for all our stakeholders; working with our employees, our customers, and our shareholders as we move our company forward,” said Warden.

 

“The board of directors has a strong focus on succession planning, and Kathy’s election as our incoming CEO and president enables us to ensure a seamless transition in this important leadership position for our company,” said Don Felsinger, Northrop Grumman’s lead independent director.  “The board appreciates the tremendous progress the company has made under Wes’ leadership and we look forward to building on this progress with Kathy as our next CEO.”