John Pranzatelli, president of the U.S. subsidiary forÂ global missile manufacturerÂ MBDA, Â has been appointed toÂ CEO and will continue to hold the title of president at the subsidiary –Â MBDA Inc.
Scott Webster will continue as chairman of MBDA Inc.’s board after one year asÂ the subsidiary’s interim CEO, MBDAÂ said Friday.
Pranzatelli, whoÂ has served asÂ president since his 2012Â promotion, Â is also on the MBDA Inc. board of directors and is in charge of administrative, engineering and manufacturing operations.
BAE Systems and Airbus both hold 37.5-percent ownership stakes in MBDA and Finmeccanica holds the other 25 percent.
PranzatelliÂ joined the missile contractorÂ in June 2009 as vice president for strategy and business operations.
He previously worked at Northrop Grumman (NYSE: NOC) as VP for finance and business management and has at least 20 years of experience in the U.S. defense industry.