Transition at Lockheed Martin

Starting a new chapter in anyone’s career draws mixed emotions, and that’s especially true for me now. But throughout my career I have embraced change. Recently, I decided to transition from my role as president and CEO of Lockheed Martin. In June, I’ll become executive chairman of our board.

Lockheed Martin is not just any corporation; it’s a national asset. We play an important role supporting our military forces keeping Americans – and allies around the world – safe and free. And we advance discovery and knowledge for the world. Love of company and love of country have always been intertwined during my career. So, it’s important as I leave the CEO role that this national asset is in top shape – financially strong, with a record $144 billion in orders, and a vibrant workforce.

I am also leaving the “corner office” in good hands.

On my recommendation, our Board of Directors named Jim Taiclet, an experienced chief executive, as our next president and CEO. Jim joins us from American Tower Corporation, an international publicly traded company. He’s served on our board since 2018, and he knows Lockheed Martin well. He also led aerospace and defense businesses for Pratt & Whitney and Honeywell.

Jim has impressed me with his sharp intellect, keen business acumen, and strong knowledge of our industry. A military veteran and pilot, he embraces our mission-driven culture and core values. I will work to ensure Jim has a successful transition.

The timing is right not only for our company, but for me personally. I have worked full time since I was 16. So, when the transition is complete, I am looking forward to this new chapter of life with my husband James and our sons, who have been such supportive partners on my career journey. The future for all of us is bright. 

News Release: https://news.lockheedmartin.com/2020-03-16-Lockheed-Martin-Elects-James-D-Taiclet-as-President-and-CEO