8-KLeadership ChangesExhibits & Filings

GENERAL DYNAMICS CORP 8-K Report, Executive Changes (Jan 5, 2024)

Filed January 5, 2024For Securities:GD

Summary

General Dynamics Corporation (GD) announced key executive leadership transitions effective in early 2024. Mark C. Roualet, Executive Vice President of Combat Systems, has informed the company of his intention to retire on April 30, 2024. This marks the end of a tenure for a significant leader within the company's combat systems division. In conjunction with this transition, Jason W. Aiken, currently Executive Vice President of Technologies and Chief Financial Officer, will move to a dedicated role as Executive Vice President of Technologies starting February 15, 2024. Concurrently, Kimberly A. Kuryea, currently Senior Vice President of Human Resources and Administration, will assume the role of Senior Vice President and Chief Financial Officer, also effective February 15, 2024. The compensation for the transitioning officers will align with the company's established executive compensation program.

Key Highlights

  • 1Mark C. Roualet, EVP of Combat Systems, announced his retirement effective April 30, 2024.
  • 2Jason W. Aiken will transition from CFO and EVP of Technologies to focus solely on EVP of Technologies, effective February 15, 2024.
  • 3Kimberly A. Kuryea will be appointed Senior Vice President and Chief Financial Officer, effective February 15, 2024.
  • 4The leadership changes are designed to ensure continuity and strategic focus within key operational areas.
  • 5Compensation for the new roles of Mr. Aiken and Ms. Kuryea will follow the existing executive compensation framework, including base salary, annual incentives, and long-term incentives.
  • 6The company's proxy statement for the 2023 annual meeting provides details on the compensation program.

Frequently Asked Questions

General Dynamics announced the retirement of Mark C. Roualet (EVP, Combat Systems) effective April 30, 2024. Jason W. Aiken (currently CFO and EVP, Technologies) will transition to EVP, Technologies on February 15, 2024. Kimberly A. Kuryea (SVP, HR and Administration) will become SVP and Chief Financial Officer on February 15, 2024.

Mr. Roualet's retirement is effective April 30, 2024. The transitions for Mr. Aiken and Ms. Kuryea are effective February 15, 2024.

Compensation for Jason W. Aiken and Kimberly A. Kuryea in their new roles will be determined according to the company's established executive compensation program, as detailed in the 2023 proxy statement. This includes base salary, annual incentives, and long-term equity incentives, with amounts set during the annual review process to remain competitive.

Jason W. Aiken will move from a dual role as CFO and EVP of Technologies to a dedicated focus on Executive Vice President of Technologies. This suggests a strategic emphasis on the company's technology segment and allows for a dedicated CFO in Ms. Kuryea.