Lockheed Martin CEO announces retirement
April 26, 2012, Bethesda, Md. - Lockheed Martin Corp. says that CEO Bob Stevens plans to step down and that its president and chief operating officer, Chris Kubasik, will take on the role at the start of the new year.
The 60-year-old Stevens has served as CEO of the Bethesda, Md., security and aerospace company since 2004.
The company said Thursday that Stevens will stay on as chairman through January 2014, subject to shareholder election and board approval.
The 51-year-old Kubasik has served with Stevens in the executive office of the chairman since October 2011.
Marillyn A. Hewson, who is 58, will succeed Kubasik as COO. Hewson currently serves as executive vice-president of Lockheed Martin's electronic systems segment.
The company said Hewson's successor will be named later this year.