Lockheed CEO Stevens says company "not in crisis"

WASHINGTON Fri Nov 9, 2012 10:55pm GMT

Related Topics

Quotes

   

WASHINGTON (Reuters) - The departing chief executive of Lockheed Martin (LMT.N) said on Friday the company was "not in crisis" after the resignation of his planned successor over an ethics scandal.

Christopher Kubasik, who had been slated to take the reins from Stevens at the defence contractor in January, quit after admitting to a close and improper relationship with a subordinate.

On a conference call with reporters, Lockheed's Bob Stevens said he was "deeply saddened" by Kubasik's actions but that the company's board was confident in the ability of Marillyn Hewson, named on Friday as CEO effective January 1, to lead the company.

Hewson told reporters the Kubasik situation was a "temporary distraction."

(Reporting By Andrea Shalal-Esa; Editing by Gary Hill)

FILED UNDER:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.