Fredric Reynolds, a member of the board of directors at RTX (NYSE: RTX) since April 2020, has been named lead independent director at the Arlington, Virginia-headquartered defense and aerospace contractor.
He will replace Dinesh Paliwal, who will step down from the board on Dec. 1, and continue to sit on the board’s governance and public policy committee and head the audit committee, RTX said Wednesday.
Gregory Hayes, chairman and CEO of RTX, said Paliwal has been instrumental in establishing the company’s position in the aerospace and defense market.
Reynolds joined the RTX board on April 3, 2020, in connection with the merger between the former Raytheon Company and United Technologies Corporation. He has been a member of the Raytheon board since 2016.
Before that, he was executive vice president and chief financial officer of CBS Corporation and held leadership roles at PepsiCo.
