Northrop Grumman Announces Leadership Changes
14 Mai 2024 - 10:30PM
Northrop Grumman Corporation (NYSE: NOC) announces that Dave
Keffer, corporate vice president and chief financial officer, has
announced his intent to retire, effective February 21, 2025, to
spend more time with family. In addition, Mark Caylor, corporate
vice president and president of Mission Systems, has announced his
intent to retire, effective July 26, 2024.
The board of directors has elected Kenneth B. Crews, vice
president of business management and chief financial officer for
the Space Systems sector, to succeed Keffer, effective October 1,
2024. Crews will become vice president, Corporate Finance on July
1, and work directly with Keffer to ensure a smooth transition.
Effective July 1, Roshan Roeder, corporate vice president and
president of Defense Systems, will succeed Caylor as president of
Mission Systems. The board of directors also has elected Ben Davies
corporate vice president and president, Defense Systems sector, to
succeed Roeder. Davies is currently corporate vice president and
general manager of the Strategic Deterrent Systems (SDS) division
in Space Systems. The SDS division, which includes the Sentinel
program, also will be realigned into Defense Systems effective July
1.
Commenting on these changes, Kathy Warden, chair, chief
executive officer and president, said, “I am excited to welcome
these proven and capable internal leaders to our executive
leadership team. This is a testament to the strength of our
Northrop Grumman extended leadership team, and our commitment to
thoughtful and well-executed succession planning. These are the
right leaders to execute our strategy, keep a laser focus on
performance and continue to create value for our customers and
shareholders.
“On behalf of our company and board of directors, I want to
thank Dave and Mark for their significant contributions to our
business. In his five years in the CFO role, Dave has played a key
role in guiding our company financial strategy through
extraordinary circumstances and has built and led a best-in-class
finance team.
“Mark has made significant contributions to our company, holding
key roles in finance, strategy and operations. Most recently, he’s
helped pave the way for our continued technology leadership and
profitable growth in the Mission Systems sector.”
Prior to his current role in the Space Systems sector, Crews was
chief financial officer for Mission Systems. He has worked in
multiple sectors at Northrop Grumman since joining the company in
2004, to include the corporate headquarters, where he was director
of financial planning and analysis. Crews earned a bachelor’s
degree in finance from Florida State University and a master’s
degree in business administration from the Crummer Graduate School
of Business at Rollins College.
Roeder was elected president of Defense Systems in October 2022.
Prior to this, she was vice president and general manager of the
Airborne Multifunction Sensors division in the Mission Systems
sector. In her 22-year career with Northrop Grumman, she has led
many different businesses and functions for the company. She holds
a bachelor’s degree in computer engineering from Virginia Tech.
In his 26-year career with Northrop Grumman, Davies has held
many leadership positions, including general manager for Mission
Systems’ Networked Information Solutions division, B-2 program
manager and sector chief information officer. He holds a bachelor’s
degree in electrical engineering and computer science from the
University of California at Berkeley and a master’s degree in
engineering management from California State University,
Northridge.
The company is reaffirming 2024 financial guidance, as shared
during the last quarterly earnings call on April 25.
Northrop Grumman is a leading global aerospace and defense
technology company. Our pioneering solutions equip our customers
with the capabilities they need to connect and protect the world,
and push the boundaries of human exploration across the universe.
Driven by a shared purpose to solve our customers’ toughest
problems, our employees define possible every day.
Note: Statements in this press release, and statements to be
made on the conference call, including in any accompanying
materials, contain or may contain statements that constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as “will,”
“expect,” “anticipate,” “intend,” “may,” “could,” “should,” “plan,”
“project,” “forecast,” “believe,” “estimate,” “guidance,”
“outlook,” “trends,” “goals” and similar expressions generally
identify these forward-looking statements. These forward-looking
statements speak only as of the date when made, and the Company
undertakes no obligation to publicly update or revise any
forward-looking statements after the date of this release or the
date of the call, except as required by applicable law.
Forward-looking statements are not guarantees of future performance
and inherently involve a wide range of risks and uncertainties that
are difficult to predict. A discussion of these risks and
uncertainties is contained in the Company’s filings with the
Securities and Exchange Commission.
Contact: |
Jessica
Kershaw |
|
410-271-0540 |
|
jessica.kershaw@ngc.com |
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