Hello, Guest!
  • Thursday, April 25, 2024

Tom Arseneault to Become BAE US CEO in April; Jerry DeMuro Quoted


Jeff Brody
Tom Arseneault

Tom Arseneault, president and chief operating officer of BAE Systems’ U.S. subsidiary and a former Wash100 Award recipient, has been appointed to take a new dual role as president and CEO beginning on April 1.

Sponsor
2024 Wash100 Vote Now!

Arsenault has been with the company for 22 years and is responsible for the  operational performance and functional teams of Arlington, Va.-based BAE Systems Inc. in his current capacity, the company said Tuesday.

Arseneault elevated to COO in February 2014 and added the president title in May of this year. Prior to BAE, he served in engineering and program management roles at Lockheed Martin (NYSE: LMT), General Electric (NYSE: GE) and TASC.

He will succeed Jerry DeMuro, who assumed the chief executive post in 2014 and is a 2019 Wash100 winner. DeMuro will assume the role of executive vice president for strategic initiatives and retain his seat on the company’s U.S. board of directors.

Video of the Day

Related Articles

Urban Air Mobility Company Eve to Go Public Through Zanite SPAC Merger M&A Activity

Urban Air Mobility Company Eve to Go Public Through Zanite SPAC Merger

Eve, an urban air mobility platforms provider established by Embraer, has agreed to merge with blank check company Zanite Acquisition (Nasdaq: ZNTE) in a transaction that would take the former public and give the combined entity a pro forma equity value of $2.9 billion. The boards of directors of Embraer and Zanite have unanimously approved

BAE’s US Arm to Buy Two Businesses From Raytheon, UTC’s Collins Aerospace; Jerry DeMuro Quoted M&A Activity

BAE’s US Arm to Buy Two Businesses From Raytheon, UTC’s Collins Aerospace; Jerry DeMuro Quoted

BAE Systems’ U.S. subsidiary has agreed to acquire two businesses that are being divested in order for United Technologies Corp. (NYSE: UTX) and Raytheon (NYSE: RTN) to secure the required antitrust approval for their pending merger.

McAleese & Associates: BAE’s US Electronic Systems Business Posted 11% Sales Growth in First Half of 2019 Financial Reports

McAleese & Associates: BAE’s US Electronic Systems Business Posted 11% Sales Growth in First Half of 2019

A report by consulting firm McAleese & Associates says BAE Systems’ U.S. electronic systems sector saw its sales climb 11 percent to $2.8B during the first half of 2019 with a 14.8 percent operating margin and sector profit of $409M.