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


Rule Change to Add CMMC Requirements to Contracts Completes Interagency Review

The Department of Defense’s Cybersecurity Maturity Model Certification has undergone an interagency review as part of a rulemaking process needed to make CMMC a part of the Defense Federal Acquisition Regulations, FedScoop reported Tuesday.

US Navy battleships

Life Cycle Engineering, McKean Defense Win Shared $78M Navy IDIQ for Navigational Tech Support

Life Cycle Engineering and McKean Defense Group have been selected to help the U.S. Navy engineer shipboard navigational equipment under an indefinite-delivery/indefinite-quantity contract worth potentially $78.3M over five years.