Corporate Governance
Kent Kresa was the CEO of the company from 1990, before the merger with Grumman in 1994, and led the serial-acquisition strategy for the company for the next 13 years with a total of 15 additional acquisitions after Grumman that include Litton, Logicon, Westinghouse's defense electronics business, Ryan Aeronautical and Newport News Shipbuilding, and TRW. He was required to retire in 2003 at age 65. At this point, Ronald Sugar, formerly the chief operating officer, took over as CEO. Sugar also served as the company chairman of the board.
In January 2010. Wes Bush succeeded Sugar as CEO and also assumed the position of company president.
Read more about this topic: Northrop Grumman
Famous quotes containing the words corporate and/or governance:
“If when a businessman speaks of minority employment, or air pollution, or poverty, he speaks in the language of a certified public accountant analyzing a corporate balance sheet, who is to know that he understands the human problems behind the statistical ones? If the businessman would stop talking like a computer printout or a page from the corporate annual report, other people would stop thinking he had a cash register for a heart. It is as simple as that—but that isn’t simple.”
—Louis B. Lundborg (1906–1981)
“He yaf me al the bridel in myn hand,
To han the governance of hous and land,
And of his tonge and his hand also;”
—Geoffrey Chaucer (1340?–1400)