Wow, who knew the executive office wing at Lockheed Martin's headquarters in Bethesda, Md. was a boiling cauldron of passion and ...
Lockheed has announced that its board of directors sacked Christopher Kubasik, the company's president and CEO-in waiting, "after an ethics investigation confirmed that he had a close personal relationship with a subordinate employee. His actions violated the company’s Code of Ethics and Business Conduct, but did not affect the company’s operational or financial performance.
Kubaski, 51, was to have succeeded Robert Stevens as Lockheed's CEO on Jan. 1.
The board immediately named Marillyn A. Hewson, 58, president, chief operating officer and a director effective immediately. She will become chief executive officer and president effective January 1, 2013. Hewson will also retain her role as executive vice president of Electronic Systems business area until the end of this year.
Stevens was named executive chairman effective Jan. 1.
Hewson joined Lockheed Martin in 1983 and has been executive vice president of the Electronic Systems business area since January 2010
She earned her bachelor's degree in business administration and a master's degree in economics from The University of Alabama. She also attended the Columbia Business School and Harvard Business School executive development programs.