Defense equipment manufacturer, Northrop Grumman, has appointed Kathy Warden as its chief executive officer.
This is because Wes Bush, the current CEO announced today that he will step down from the position of chief executive officer effective Jan. 1, 2019. He will remain chairman through July 2019.
The board said Kathy Warden will resume effective immediately.
“I am delighted that Kathy will become our company’s next CEO,” said Bush. “She has demonstrated exceptional leadership in her roles leading the operations of our company, and she brings the vision and values to lead Northrop Grumman into the future.”
“I look forward to leading Northrop Grumman and driving performance for all our stakeholders; working with our employees, our customers, and our shareholders as we move our company forward,” said Warden.
“The board of directors has a strong focus on succession planning, and Kathy’s election as our incoming CEO and president enables us to ensure a seamless transition in this important leadership position for our company,” said Don Felsinger, Northrop Grumman’s lead independent director. “The board appreciates the tremendous progress the company has made under Wes’ leadership and we look forward to building on this progress with Kathy as our next CEO.”
Warden joined the company in 2008, and has held a series of positions of increasing responsibility, including serving as the vice president and general manager of the company’s cybersecurity business, president of its former Information Systems sector, president of its Mission Systems sector, and currently as president and chief operating officer