Home / Executive Moves / Kenneth Possenriede to Succeed Bruce Tanner as Lockheed EVP, CFO; Marillyn Hewson Quoted

Kenneth Possenriede to Succeed Bruce Tanner as Lockheed EVP, CFO; Marillyn Hewson Quoted

Kenneth Possenriede, a more than 30-year Lockheed Martin (NYSE: LMT) veteran, has been named executive vice president and chief financial officer of the company in a move that will take effect Feb. 11.

He will succeed the retiring Bruce Tanner, a 37-year company executive who served as CFO for more than a decade, Lockheed said Monday.

Possenriede “is an accomplished leader with experience in every business area and Lockheed Martin UK,” said Marillyn Hewson, chairman, president and CEO of Lockheed and a four-time Wash100 awardee.

Possenriede currently serves as VP of finance and program management at Lockheed’s aeronautics business.

He has held senior leadership roles at the Bethesda, Md.-based defense contractor such as VP and treasurer for five years; VP of finance and business operations for space and former electronic systems business area; and CFO for Lockheed’s U.K. arm.

He also served as CEO and EVP CFO at Exostar on an acting basis between 2001 and 2003.

Check Also

Kay Kapoor, John Johnson Named to Tyto Athene Executive Advisory Board

Kay Kapoor, founder and CEO of Arya Technologies, and John Johnson, a partner at government …

DLA Chooses Six Firms for $985M Fire, Emergency Equipment Supply IDIQ

Six companies have won spots on a potential five-year, $985M contract from the Defense Logistics …