[SatNews] Savi Technology, a wholly owned subsidiary of Lockheed Martin [NYSE: LMT], has announced that William Clark has been promoted to president and chief executive officer.

Clark joined Savi in August 2010 as senior vice president and chief marketing officer. Savi Technology has more than 25 years of experience providing low-power, wireless asset tracking solutions, particularly to U.S. Department of Defense and military forces worldwide. Clark has and will continue to drive Savi’s evolution and market expansion into commercial markets. Clark, who has served as the acting head of Savi since February 2011, has already directed several important changes inside the organization, including reorganizing its management team, strengthening ties within Lockheed Martin, and recently introducing Savi SmartChain RTLS. Savi SmartChain RTLS is a new wireless tracking option that broadens Savi’s solution set, offering customers yet another way to monitor and track critical assets. Clark has more than 25 years of experience in a variety of sales and marketing leadership roles in the technology market, including more than 12 years as a chief marketing officer and executive officer of market leading global technology companies in both Silicon Valley and the U.S. East Coast. He has an extensive track record of building businesses, delivering results, and enhancing the reputation and recognition of companies as growth and innovation leaders in their markets – from early-stage, venture-backed firms, to publicly traded, multi-hundred million dollar enterprise software leaders.