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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.