David Wajsgras, senior vice president and chief financial officer at Raytheon (NYSE: RTN) since 2006, will move into a new role as president of the defense technology contractor’s intelligence, information and services business on March 2.
The company said Wednesday its executive transition plan will also see Anthony “Toby” O’Brien, vice president and chief financial officer for the integrated defense systems business, become CFO at that time.
Lynn Dugle, president of the IIS business since 2009, will retire from the company after close to 11 years in that and other senior roles.
Thomas Kennedy, Raytheon chairman and CEO, credited Dugle for her work in “transforming IIS into a global cyber and security services business.”
Dugle joined the company in April 2004 and served as a VP for the former network centric systems business before she joined the former intelligence and information systems business in January 2009 as president.
The IIS business was formed out of a 2013 realignment that involved both the former IS business and the NCS business.
Wajsgras held the CFO role at Lear Corp. before he joined Raytheon to become CFO and is also a former corporate controller at Engelhard and financial executive at Honeywell (NYSE: HON).
During his tenure at Raytheon, the Waltham, Mass.-based company has completed the sale of its aircraft company and other technology-related acquisitions and divestitures.
O’Brien is a 29-year veteran of the company and his career at Raytheon includes time as VP of finance and senior finance executive for the airline aviation services organization and international landed companies, as well as CFO for Raytheon’s aircraft company.