89°
Baton Rouge, Louisiana
3 Day Outlook
Tue
93°
73°
20%
Wed
94°
73°
20%
Thu
94°
73°
40%

Latest Weather Blog

Follow our weather team on social media

Lockheed Martin ousts CEO-to-be over relationship

2 years ago November 09, 2012 Nov 9, 2012 Friday, November 09 2012 Friday, November 09, 2012 3:14:27 PM CST in News
Source: Associated Press

BETHESDA, Md. - Lockheed Martin has ousted its president and anticipated CEO over a relationship with a subordinate.

The company said Friday that its board of directors asked for and received the resignation of Christopher Kubasik from his role as vice chairman, president and chief operating officer. The 51-year old was previously scheduled to become CEO in January.

Lockheed Martin says an ethics investigation confirmed that he had a close personal relationship with a subordinate employee. That violates the company's code of ethics and business conduct.

The board elected the executive vice president of its electronics systems business to take his role. Marillyn A. Hewson will serve as president, chief operating officer and director immediately and take over as CEO in January.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
Radar
7 Days