Peter Altabef Named President, CEO of Unisys; Paul Weaver Comments

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Peter Altabef, president and CEO of Oracle‘s (NYSE: ORCL) MICROS Systems subsidiary, will join Unisys (NYSE: UIS) in January as president, CEO and member of the board of directors. Unisys said Tuesday that Altabef brings 20 years of experience in leadership roles at other IT companies. “As an industry veteran, Peter brings outstanding leadership skills, a track record of delivering...

Northrop Board OKs Additional $3B Stock Buyback Plan

northrop Grumman_BLUE
Northrop Grumman (NYSE: NOC) will repurchase an additional $3 billion of its common stock following approval from the board of directors. The company said Thursday that further share repurchase transactions are subject to authorization from management as well as market conditions. The Wall Street Journal reported that Northrop plans to buy back 25 percent of its shares before the end of 2015. Tess...

John Pranzatelli, MBDA’s US President, Adds CEO Title

John Pranzatelli
John Pranzatelli John Pranzatelli, president of the U.S. subsidiary for global missile manufacturer MBDA, has been appointed to CEO and will continue to hold the title of president at the subsidiary — MBDA Inc. Scott Webster will continue as chairman of MBDA Inc.’s board after one year as the subsidiary’s interim CEO, MBDA said Friday. Pranzatelli, who has served as president...

Rami Rahim Named Juniper Networks CEO

Rami Rahim
Rami Rahim Rami Rahim, former executive vice president and general manager of Juniper Networks‘ (NYSE: JNPR) development and innovation segment, has been promoted to CEO. Juniper said Monday Rahim, a 17-year veteran ofthe company, will also join the board of directors. “He is a talented leader who brings deep instincts about the networking industry, and enormous support from our employees...

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
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...