James D. Taiclet has become President and CEO of Lockheed Martin Corporation in succession to Marillyn A. Hewson. Taiclet will continue to serve as a member of the corporation’s board while Hewson will become Executive Chairman and provide ongoing support for the leadership transition.
Taiclet began his career as a U.S. Air Force Officer and Pilot and served a tour of duty in the Gulf War. He holds a master’s degree in Public Affairs from Princeton University, where he was awarded a fellowship at the Woodrow Wilson School, and is a distinguished graduate of the United States Air Force Academy with degrees in engineering and international relations.
As President and CEO, Hewson led Lockheed Martin through a period of consistent financial performance and impressive growth when the corporation’s market capitalisation increased 280%. During her 37 years at Lockheed Martin, Hewson has held increasingly responsible executive positions with the corporation. These include President and Chief Operating Officer and Executive Vice President of Lockheed Martin’s Electronic Systems business area. In 2019, TIME magazine identified Hewson as one of the “100 Most Influential People in the World,” and FORTUNE magazine ranked her No. 1 on its list of “50 Most Powerful Women in Business” for the second year in a row. In 2018, she was named the “CEO of the Year” by Chief Executive magazine, a Top 10 “Businessperson of the Year” by FORTUNE magazine, and one of the “World’s 100 Most Powerful Women” by Forbes.
Several other executive leadership appointments became effective Monday as part of the transition. Frank A. St. John, 53, became Chief Operating Officer. Stephanie C. Hill, 55, succeeded St. John as Executive Vice President of RMS. Yvonne O. Hodge succeeded Hill as Senior Vice President, Enterprise Business Transformation.