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Professional Life

Lockheed Martin Board Elects Marillyn Hewson CEO & President and Member of The Board
By USBE Online
Nov 12, 2012, 20:35

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Lockheed Martin Corporationís Marillyn A. Hewson is the most recent member to join a very exclusive club: Women CEOs in the aerospace and defense industry.

The Bethesda-Md based defense giant announced Friday that its board of directors had elected Marillyn Hewson, 58, president and chief operating officer (COO) and a director. In January 2013, she steps into the roles of chief executive officer (CEO) and president when Chairman and CEO Robert J. Stevens retires at the end of 2012. Hewson will also retain her role as executive vice president of Lockheed Martin's Electronic Systems business area until the end of this year.
Last year, Hewson is reported to have overseen a 2 percent increase in revenue and operating profits in the largest division of the U.S. government's biggest contractor. Stevens praised Hewson's  on her election by the board. "Marillyn is an exceptional leader with impeccable credentials and deep knowledge of our business, customers, shareholders and employees,Ē he said. The board also elected Stevens executive chairman effective January 1.  In that role he will work with Hewson to facilitate a smooth CEO transition.

Three Octobers ago BAE Systems, Inc. made headlines around the world when Linda Hudson was named CEO, making her the first female to head a major U.S. defense company.

Concurrently, Hudson is executive director of the BAE Systems plc. Board and a member of the Executive Committee. She is also an executive director on the BAE Systems, Inc. Board. BAE  which had  2011 revenues of $14.4 billion is a US-based, wholly owned subsidiary of BAE Systems plc, headquartered in London.  Prior to joining BAE Systems, Hudson served for seven years as an officer and vice president of the General Dynamics Corporation, and was president of General Dynamics Armament and Technical Products in Charlotte, N.C.

In June 2012, General Dynamics  announced that Chief Executive Jay Johnson would retire at the end of 2012, to be succeeded by Phebe Novakovic. She took over as president and chief operating officer in May.

On January 1, 2013, Novakovic will become CEO. A one-time CIA officer, she was running the company's marine division before being named to her current role. In January next year. Novakovic will take over as CEO of the $33-billion-in-revenue defense contractor.
Lockheed Martinís net sales for 2011 were $46.5 billion. The global security and aerospace company employs about 120,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

Other leading women at Lockheed include Joanne Maguire, executive vice president of Lockheed Martin Space Systems, and Information Systems & Global Solutions Executive Vice President, Linda Gooden.  Lockheed's information technology unit counts the Federal Aviation Admininstration and the Department of Energy as clients.

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