Northrop Elects Former Wal-Mart EVP, CFO Thomas Schoewe to Board of Directors; CEO Bush Comments

Northrop Grumman (NYSE: NOC) has elected Thomas M. Schoewe, former executive vice president and chief financial officer of Wal-Mart Stores Inc., to its board of directors.

Schoewe served those roles between 2000 and 2010. He previously was senior vice president and CFO for Black and Decker Corp.

Schoewe also serves on the boards of directors of Kohlberg Kravis Roberts and Co. and PulteGroup Inc.

Northrop’s board of directors now has 12 members, 11 of whom are nonemployee directors.

“We are delighted that Tom Schoewe has joined our board of directors, ” said Wes Bush, chairman, CEO and president. “We look forward to benefitting from his extensive corporate experience and financial expertise as we continue to focus on performance for our shareholders, customers and employees.”

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