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 since his 2012 promotion, 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.
Pranzatelli joined the missile contractor 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.