The board of directors of Northrop Grumman Corporation elected Wes Bush as its chairman, effective immediately. Bush will serve as chairman, chief executive officer and president. Bush succeeds Lewis W. Coleman, who has served as non-executive chairman since January 2010.
Wes Bush
“Wes Bush has the full support of the board and has made excellent progress improving the company’s performance for shareholders, customers and employees,” said Coleman. “This is the right time for Wes to assume the chairmanship of Northrop Grumman.”
The board designated Coleman to serve as its lead independent director.
“Lew Coleman has been an outstanding chairman for our board, providing tremendous leadership through an important period for our company. I look forward to working with him as our lead independent director,” said Bush.
Coleman joined the company’s board of directors in 2001. He is president and chief financial officer of DreamWorks Animation SKG. He was formerly chairman of Banc of America Securities L.L.C., a subsidiary of Bank of America Corporation.
Bush has been chief executive officer and president of Northrop Grumman since Jan. 1, 2010. He was elected to the company’s board of directors in 2009. Previously he served as the president and chief operating officer, corporate vice president and chief financial officer, and president of the company’s Space Technology sector.
Source: Press Release