James Taiclet, a board member at Lockheed Martin (NYSE: LMT), has been elected by the board of directors to succeed Marillyn Hewson as president and CEO, effective June 15.
Taiclet is chairman, president and CEO of American Tower (NYSE: AMT). He is a retired U.S. Air Force pilot who previously served as president of Honeywell’s (NYSE: HON) aerospace services unit and vice president of engine services at United Technologies Corp.’s (NYSE: UTX) Pratt & Whitney subsidiary. He joined Lockheed’s board in 2018 and will continue to serve on the board.
Frank St. John, executive VP of Lockheed’s rotary and mission systems business, will assume the role of chief operating officer in June and will report to the president and CEO. He will oversee the financial, operational and strategic performance of the company’s lines of business, including RMS, space and missiles, aeronautics and missiles and fire control.
St. John is a more than three-decade Lockheed veteran who has held leadership roles in program management and engineering. He previously served as EVP of missiles and fire control.
Stephanie Hill, senior VP of enterprise business transformation and a previous Wash100 winner, will succeed St. John as EVP of Lockheed’s RMS business. She previously served as deputy EVP of RMS and SVP for corporate strategy and business development. She joined the company in 1987 as a software engineer.