Anticipated Lockheed Martin CEO Resigns After Ethics Investigation | News
BETHESDA, Md. (AP) - 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.
Upcoming Events near Bethesda
Most popular stories from nearby communities
- Take the Plunge: Join Design Army X Karla Colletto for Pool Party, Fashion Show on Friday, Aug. 22
- Kristen Berset takes the "Ice-Bucket Challenge"
- Boffi-Maxalto's Summer Kickoff with Chef Roberto Donna
- Design Army's Pum Lefebure Selected as 1 of 2 US Design Judges at Cannes Lions
- Custom Home on the Market Embraces Convenient and Quaint Neighborhood of Lyon Village