Face-To-Face With Lockheed Martin’s New CEO
By Anthony L. Velocci, Jr. , Joseph C. Anselmo
Source: Aviation Week & Space Technology
We're looking at all elements of cost. For the past three years we have been focusing on our capital expenditures, overhead expenses and facilities footprint. Three years ago we were at about 146,000 employees and we're at 120,000 now. I run Electronic Systems through the end of the year, but I'm not replacing my role because we're flattening the organization and merging three companies into two. Flattening has allowed us to take cost out. But we still are going to stay focused on training our teams and investing in R&D that is going to allow us to continue to grow the business.
President (since November 2012) and CEO (effective Jan. 1, 2013)
Birthplace: Junction City, Kan.
Education: Bachelor's degree in business administration and Master of Arts from the University of Alabama.
Career: Hewson joined the old Lockheed Corp. in 1983 as a senior industrial engineer and has risen through 19 management positions, including president and chief operating officer and executive vice president of the Electronic Systems business.
When Lockheed Martin announced in May that Christopher Kubasik would be its new CEO effective Jan. 1, 2013, it promoted Marillyn Hewson to succeed him as president and chief operating officer. And it was a safe bet that Hewson would cap her long career at the company in that No. 2 spot, given that Kubasik was just 51 years old and likely to hold on to the CEO job for a long time. But Lockheed Martin's carefully scripted succession plan blew up in November when Kubasik was forced out for having a “close personal relationship” with a subordinate and Hewson was designated as the next CEO, replacing retiring Robert J. Stevens. She had 53 days to prepare. During a December visit to Aviation Week's Washington bureau, Hewson sat down with outgoing AW&ST Editor-in-Chief Anthony L. Velocci, Jr., and incoming EIC Joseph C. Anselmo to make the case for why she is ready and how she plans to keep Lockheed Martin growing in a challenging defense environment.