Michael Brown Appointed Full-Time CEO at Symantec; Dan Schulman Comments

Michael Brown
Michael Brown Michael Brown, interim president and CEO of Symantec (NASDAQ: SYMC), has been confirmed for the chief executive role on a full-time basis by the board of directors after six months as acting CEO. Brown was selected through an executive search process performed by a special committee within the board alongside search firm Russell Reynolds, Symantec said Thursday. “[He] demonstrated...

Marillyn Hewson: Lockheed Extends Dividend Increases as Repurchase Program Continues

Marillyn Hewson
Marillyn Hewson Lockheed Martin (NYSE: LMT) will move forward on its share repurchase program after the board of directors approved to buy back an additional $2 billion of the company’s common stock. The company also said Thursday its dividend for its fiscal year 2014 fourth quarter will increase 13 percent from the previous quarter $1.50 and is payable on Dec. 26 to shareholders of record...

Brendan Bechtel Named Bechtel Group President, COO; Bill Dudley Comments

Brendan Bechtel
Brendan Bechtel Brendan Bechtel — president of Bechtel‘s oil, gas and chemicals business and son of Board Chairman Riley Bechtel — has been promoted to group president and chief operating officer, effective Aug. 1. The younger Bechtel will report to Chief Executive Officer Bill Dudley and serve as a member of the board of directors, the company said Thursday. “Brendan has...

Raytheon Issues Dividend to Shareholders

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The board of directors at Raytheon (NYSE: RTN) has approved a quarterly cash dividend of 61 cents per share on the company’s common stock. Raytheon said Wednesday that stockholders of record at the close of business on Oct. 1 will receive the dividend Oct 30. The Waltham, Massachusetts-based defense firm reported $24 billion in sales for its 2013 fiscal year. LinkedInTweet+1E-mail

CH2M Hill CEO Jacqueline Hinman to Add Chairman of the Board Title

Jacqueline Hinman
Jacqueline Hinman Jacqueline Hinman, president and CEO of CH2M Hill since January, has been elected to succeed retiring Chairman Lee McIntire, the Denver Business Journal reported Monday. Mark Harden writes that McIntire intends to retire from the board of directors as of Sept. 18. “It has been a privilege for me to lead the board and our company through five years of growth and service to our clients...

Richard Montoni: MAXIMUS’ $150M Stock Buyback Plan Wins Board Approval

Richard Montoni The board of directors at MAXIMUS (NYSE: MMS) has approved the company’s plan to repurchase as much as $150 million in company shares. MAXIMUS said Monday that shares acquired through the repurchase program will be held as treasury stock and be used for employee stock issuance and general corporate purposes. “Our solid financial position gives us the ability to continue repurchasing...

Jim McNerney: Boeing Board of Directors Declares Quarterly Dividend

Jim McNerney
Jim McNerney Boeing‘s (NYSE: BA) board of directors has approved a regular quarterly dividend of 73 cents per share, according to Chairman and CEO Jim McNerney. The company said Monday the dividend will be paid out to shareholders as of the Aug. 8 date of record. The payment date is Sept. 5. LinkedInTweet+1E-mail

Harris CEO William Brown Adds Board Chairman Title

William Brown, president and CEO of Harris Corp. (NYSE: HRS) since November 2011, has been appointed to succeed Thomas Dattilo as chairman of the board. The board’s independent directors have also named Dattilo as a lead independent director after a review of the board’s governance structure, Brown said Friday. Dattilo became non-executive chairman in January 2012 and has held a position...

Richard Coleman Jr Named to Ciber’s Board of Directors; Paul Jacobs Comments

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Richard Coleman Jr., a private investor and business adviser, has been appointed to Ciber‘s (NYSE: CBR) board of directors and succeeds Archibald McGill, who retired Thursday after 16 years in the role. The company said Monday that Coleman, also a current director at NTS, will serve as a Class III director and his term will expire at the annual meeting of shareholders next year. “We are...

Braxton CEO Frank Backes Appointed to MTSI’s Board; Phil Soucy Comments

MTSI w border
Frank Backes, CEO of Braxton Technologies, has joined the board of directors at Modern Technology Solutions Inc. and will bring experience in information security and command-and-control work to MTSI. MTSI worked with executive agency ExecReps in the search process for a board candidate, MTSI said Friday. Phil Soucy, MTSI co-founder and chairman of the board, said the company appointed Backes...