John Mollard, vice president and treasurer at Lockheed Martin (NYSE: LMT), has assumed the position of acting chief financial officer at the Bethesda, Maryland-based aerospace and defense contractor.
He will fill the role while the company searches for a permanent replacement for Kenneth Possenriede, who decided to retire after a 35-year career with Lockheed, the company said Tuesday.
Mollard oversees Lockheed’s global treasury operations, facilities and risk management, capital planning, rating agency relations, foreign exchange and capital markets and other worldwide banking activities in his role as VP and treasurer.
“Given his nearly four decades with Lockheed Martin and familiarity with the company’s businesses, stakeholders and capital structure, John is uniquely suited to lead our finance organization while our search process is underway,” said Jim Taiclet, chairman, president and CEO of Lockheed and a 2021 Wash100 Award winner.
Mollard joined Lockheed as a financial analyst in 1983. He previously served as VP of financial planning and analysis at the company’s corporate headquarters.
