Lockheed Martin names Ken Possenriede its new CFO
Lockheed Martin Corp. LMT, +4.56% said late Monday its board of directors has approved the appointment of Kenneth R. Possenriede as the aerospace and defense company’s executive vice president and chief financial officer, replacing Bruce L. Tanner. Tanner plans to retire in mid-2019, and Possenriede’s appointment is effective Feb. 11, Lockheed Martin said. Possenriede is currently vice president of finance and program management at the company’s Aeronautics unit. Lockheed Martin shares were flat in the extended session after ending the regular trading day up 4.6%.
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