Northrop Grumman (NYSE: NOC) Chairman and CEO Wes Bush will step down from the position of CEO effective Jan. 1, 2019 — he will remain chairman through July f 2019.
Northrop Grumman’s board of directors has elected Kathy Warden, the company’s President and COO, to the position of CEO and President, effective January 1, 2019. The board has also elected Warden to serve as a member of the board, effective immediately.
Warden joined the company in 2008 and has held a series of positions of increasing responsibility, including serving as the VP and GM of the company’s cybersecurity business, President of its former Information Systems sector, President of its Mission Systems sector, and currently as President and CEO.
Don Felsinger, Northrop Grumman’s lead independent director, said that the board of directors has a strong focus on succession planning and Kathy’s election as the company's incoming CEO and President enables Northrop Grumman to ensure a seamless transition in this important leadership position for the company,. The board appreciates the tremendous progress the company has made under Wes’ leadership and all look forward to building on this progress with Kathy as the company's next CEO.