Hello, Guest!
  • Friday, November 22, 2024

Kenneth Possenriede to Succeed Bruce Tanner as Lockheed EVP, CFO; Marillyn Hewson Quoted


Kenneth Possenriede, a more than 30-year Lockheed Martin (NYSE: LMT) veteran, has been named executive vice president and chief financial officer of the company in a move that will take effect Feb. 11.

He will succeed the retiring Bruce Tanner, a 37-year company executive who served as CFO for more than a decade, Lockheed said Monday.

Possenriede œis an accomplished leader with experience in every business area and Lockheed Martin UK,” said Marillyn Hewson, chairman, president and CEO of Lockheed and a four-time Wash100 awardee.

Possenriede currently serves as VP of finance and program management at Lockheed™s aeronautics business.

He has held senior leadership roles at the Bethesda, Md.-based defense contractor such as VP and treasurer for five years; VP of finance and business operations for space and former electronic systems business area; and CFO for Lockheed™s U.K. arm.

He also served as CEO and EVP CFO at Exostar on an acting basis between 2001 and 2003.

Video of the Day

Related Articles

Former Patriot Group CFO Darla Moon Joins SPA as Finance Chief Executive Moves

Former Patriot Group CFO Darla Moon Joins SPA as Finance Chief

Darla Moon, former chief financial officer of global mission support services contractor Patriot Group, has been appointed to the same position at Systems Planning and Analysis. She brings two decades of finance, mergers and acquisitions, finance and strategic planning and execution experience to SPA, the company said Monday. Before Patriot Group, she worked as senior vice

Neel Dev Promoted to CenturyLink EVP, CFO Executive Moves

Neel Dev Promoted to CenturyLink EVP, CFO

Neel Dev, formerly group vice president of finance at CenturyLink (NYSE: CTL), has been promoted to executive VP and chief financial officer at the telecommunications provider. He has served as CenturyLink’s CFO on an interim basis since Sunit Patel stepped down from the position in September, the company said Tuesday. Dev will oversee real estate portfolio, global

Perspecta Adds Former Ernst & Young CFO Michael Ventling to Board of Directors Executive Moves

Perspecta Adds Former Ernst & Young CFO Michael Ventling to Board of Directors

Perspecta (NYSE: PRSP) has appointed Michael Ventling, formerly global chief financial officer at Ernst & Young, to its board of directors and has named him chairman of the company’s audit committee. Mike Lawrie, chairman of the Perspecta board of directors, said in a statement published Tuesday that Ventling brings with him years of experience in