Lockheed Pushes Out Incoming CEO Over Ethics Finding

Law360, New York (November 9, 2012, 6:06 PM EST) -- Lockheed Martin Corp.’s incoming chief executive resigned Friday at the behest of the company’s board of directors after an investigation revealed he had a “close personal relationship” with a company subordinate.

Christopher E. Kubasik, Lockheed’s current chief operating officer, was slated to become company CEO in January but resigned after a company ethics investigation confirmed the relationship,  Lockheed said in a statement Friday.

Marillyn A. Hewson, executive vice president for electronic systems, will now become CEO effective Jan. 1, the company said. In the interim, she...
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