01—Abstract
Summary
Summary of the 8-K filed November 6, 2025. Cited figures are marked; the original filing is the authoritative source.
Northrop Grumman Corporation (NOC) announced a significant leadership change within its finance department, appointing John Greene as its new Corporate Vice President and Chief Financial Officer (CFO), effective January 7, 2026.
Mr. Greene brings a wealth of experience from prominent financial roles at Discover Financial Services, Bioverativ, Willis Group Holdings, HSBC Holdings, and General Electric, indicating a strong background in financial operations and strategy. This transition comes as the current CFO, Kenneth Crews, will step down from his role on the same effective date, remaining with the company in an advisory capacity until February 20, 2026, to ensure a seamless handover. In conjunction with his appointment, Mr. Greene will receive a base salary of $955,000,a an annual incentive, a long-term incentive, and other benefits.
He will also be granted Restricted Stock Rights valued at $2,000,000,b reflecting a significant investment in his new role. The company also used this filing to reaffirm its previously announced fiscal year 2025 guidance, providing investors with continued confidence in the company's financial outlook amidst this executive transition.
02—Key points
Key Highlights
- John Greene appointed as new Corporate Vice President and Chief Financial Officer, effective January 7, 2026.
- Mr. Greene possesses extensive financial leadership experience from companies including Discover Financial Services, Bioverativ, Willis Group Holdings, HSBC Holdings, and General Electric.
- Current CFO Kenneth Crews to step down on January 7, 2026, and will serve in an advisory role until February 20, 2026.
- New CFO John Greene to receive a base salary of $955,000.
- Mr. Greene will receive a sign-on grant of Restricted Stock Rights valued at $2,000,000.
- Northrop Grumman reaffirmed its fiscal year 2025 guidance in a press release accompanying this filing.
03—Questions
Frequently Asked Questions
Who is replacing Kenneth Crews as CFO and when is the transition effective?
John Greene has been appointed as the new Corporate Vice President and Chief Financial Officer, effective January 7, 2026. Kenneth Crews will step down from his CFO role on the same date but will remain with the company in an advisory capacity until February 20, 2026.
What is the compensation package for the new CFO, John Greene?
John Greene's compensation package includes a base salary of $955,000, an annual incentive, a long-term incentive, and other standard benefits commensurate with his position. He will also receive a sign-on grant of Restricted Stock Rights valued at $2,000,000.
Has the company provided any updates on its financial outlook?
Yes, Northrop Grumman reaffirmed its previously announced fiscal year 2025 guidance as part of the press release announcing the CFO transition.
What is the significance of John Greene's prior experience?
John Greene has a diverse and extensive background in senior financial leadership roles at notable companies such as Discover Financial Services, Bioverativ, Willis Group Holdings, HSBC Holdings, and General Electric. This broad experience suggests a strong capability to manage complex financial operations and strategic decision-making for Northrop Grumman.
04—Continue