Summary
This 8-K filing from Lockheed Martin Corporation (LMT) announces a significant leadership transition within its Aeronautics business segment. Orlando P. Carvalho, the current Executive Vice President of Aeronautics, will be retiring at the end of 2018, stepping down from his executive role on October 1, 2018. This change is not expected to disrupt ongoing operations as Mr. Carvalho will remain an employee until year-end, potentially facilitating a smooth handover. The company has proactively appointed Michele A. Evans, currently Deputy Executive Vice President of Aeronautics, to succeed Mr. Carvalho. Ms. Evans brings over 30 years of experience within Lockheed Martin, holding various leadership positions. Her promotion to lead the Aeronautics segment, effective October 1, 2018, signals continuity and internal talent development. Investors should monitor the performance of the Aeronautics segment under Ms. Evans's leadership.
Key Highlights
- 1Orlando P. Carvalho, EVP of Aeronautics, is retiring at year-end 2018.
- 2Mr. Carvalho will step down from his executive role on October 1, 2018, but remain an employee until December 31, 2018.
- 3Michele A. Evans has been elected as the new Executive Vice President of the Aeronautics business segment.
- 4Ms. Evans's appointment is effective October 1, 2018.
- 5Ms. Evans has over 30 years of experience within Lockheed Martin, with a proven track record in leadership roles.
- 6This filing includes a press release detailing the leadership changes as Exhibit 99.1.