Summary
Lockheed Martin Corporation (LMT) announced the election of Dr. Heather Wilson to its Board of Directors, effective May 22, 2024. Dr. Wilson brings a wealth of experience from her previous roles, including serving as the Secretary of the U.S. Air Force, President of the University of Texas at El Paso and the South Dakota School of Mines & Technology, and a former U.S. Congresswoman where she sat on the House Armed Services Committee. Her appointment strengthens the board's expertise in defense, technology, and public service, which is highly relevant to Lockheed Martin's core business. Dr. Wilson has been deemed an independent director by the Board, adhering to NYSE listing standards, SEC regulations, and the Company's corporate governance guidelines. She will serve on the Classified Business and Security Committee. Compensation for her board service will align with the company's standard arrangements for non-employee directors, including equity grants and potential deferred compensation, as well as standard indemnification. This move signals a continued focus on seasoned leadership with deep industry and governmental connections.
Key Highlights
- 1Dr. Heather Wilson elected to Lockheed Martin's Board of Directors, effective May 22, 2024.
- 2Dr. Wilson brings significant experience as former Secretary of the U.S. Air Force and a former U.S. Congresswoman (House Armed Services Committee member).
- 3Her background includes leadership roles at academic institutions (UT El Paso, SD School of Mines) and service on the National Science Board.
- 4Dr. Wilson is considered an independent director, meeting NYSE and SEC standards.
- 5She will serve on the Company's Classified Business and Security Committee.
- 6Compensation will follow standard practices for non-employee directors, including equity grants and indemnification.