James Taiclet, a board member at Lockheed Martin (NYSE: LMT) since 2018, on Monday officially assumed his duties as president and CEO of the company.
He succeeds Marillyn Hewson, who now serves as executive chairman of the board and continues to support the leadership transition, Lockheed said Monday.
"I have every confidence Jim and his executive leadership team will continue driving sustained success through sound business strategy, strong customer relationships and deep mission focus,” said Hewson, who has served as Lockheed president and CEO since 2013 and a 2020 Wash100 Award winner.
Taiclet, a retired U.S. Air Force pilot, previously served as chairman, president and CEO of American Tower (NYSE: AMT). He has held senior leadership roles at Honeywell’s (NYSE: HON) aerospace services unit and Pratt & Whitney.
Lockheed first announced Taiclet’s appointment along with other leadership transitions in March.
Frank St. John, formerly executive vice president of Lockheed’s rotary and mission systems business, has assumed the role of chief operating officer.
Stephanie Hill, most recently senior VP of enterprise business transformation and a previous Wash100 winner, now serves as EVP of Lockheed’s RMS business.
Yvonne Hodge, formerly VP of business innovation, transformation and enterprise excellence for the company’s space business area, has succeeded Hill as SVP of enterprise business transformation.