8-KLeadership ChangesExhibits & Filings

NORTHROP GRUMMAN CORP /DE/ 8-K Report, Executive Changes (Sep 27, 2017)

Filed September 27, 2017For Securities:NOC

Summary

Northrop Grumman Corporation (NOC) filed an 8-K on September 27, 2017, announcing significant leadership changes effective January 1, 2018. The most notable change is the election of Kathy J. Warden as President and Chief Operating Officer, reporting to Wes Bush, who will transition to Chairman and Chief Executive Officer. This move signals a strategic elevation for Ms. Warden, who has a strong background in key operational divisions like Mission Systems and Information Systems. The report also details the appointment of new Presidents for Mission Systems and Enterprise Services, along with a new Corporate Vice President for Government Relations, reflecting a planned succession and internal promotion strategy. Concurrently, the company announced the retirements of two long-serving executives: Gloria A. Flach, Chief Operating Officer, and Sid Ashworth, Corporate Vice President of Government Relations, both effective December 31, 2017. These departures, combined with the new appointments, indicate a deliberate transition aimed at ensuring continuity and leveraging internal talent for future leadership roles. Investors should view these changes as a positive step towards maintaining stability and experienced leadership within the organization.

Key Highlights

  • 1Kathy J. Warden appointed President and Chief Operating Officer, effective January 1, 2018.
  • 2Wes Bush to transition to Chairman and Chief Executive Officer, effective January 1, 2018.
  • 3Mark A. Caylor appointed Corporate Vice President and President, Mission Systems.
  • 4Shawn N. Purvis appointed Corporate Vice President and President, Enterprise Services.
  • 5Lesley A. Kalan appointed Corporate Vice President, Government Relations.
  • 6Retirements of Gloria A. Flach (Chief Operating Officer) and Sid Ashworth (Corporate Vice President, Government Relations) effective December 31, 2017.
  • 7No new material compensatory arrangements specific to the newly appointed officers were disclosed.

Frequently Asked Questions

Northrop Grumman announced that Kathy J. Warden will become President and Chief Operating Officer, effective January 1, 2018. Wes Bush will assume the role of Chairman and Chief Executive Officer. Additionally, Mark A. Caylor, Shawn N. Purvis, and Lesley A. Kalan have been appointed to new leadership positions within Mission Systems, Enterprise Services, and Government Relations, respectively. The company also announced the retirements of COO Gloria A. Flach and Sid Ashworth, Corporate Vice President of Government Relations, both effective December 31, 2017.

Wes Bush, who is currently Chairman, CEO, and President, will transition to the role of Chairman and Chief Executive Officer, effective January 1, 2018. He will continue to lead the company, with Kathy J. Warden reporting directly to him as the new President and COO.

The filing states that the newly appointed officers will continue to receive their current salary, bonus, and equity awards, and will participate in other benefit and compensation plans consistent with their existing arrangements. No new material compensatory arrangements specific to these appointments have been entered into.

This 8-K filing does not contain financial statements. It does include Exhibit 99.1, which is a press release announcing these leadership changes, incorporated by reference.