Raytheon details CFO transition

Raytheon Technologies has promoted one of its corporate vice presidents in Neil Mitchill to the role of chief financial officer.

Mitchill succeeded Anthony “Toby” O’Brien upon the latter’s departure from the company on Wednesday, according to a regulatory filing and release posted Friday.

Mitchill was previously corporate vice president of financial planning and analysis and investor relations. He joined the former United Technologies Corp. in 2014 and became interim CFO five years later, a role that saw him lead UTC through its merger with Raytheon that completed in April 2020.

This transition comes amid a challenging year for the company, which launched to the market at the beginning of the coronavirus pandemic and has since had to navigate the resulting slump in commercial aerospace.

O’Brien had been the combined company’s CFO since the merger’s closure in April 2020 and was Raytheon’s finance chief in the five years prior to that deal.

Also in the release, Raytheon indicated preliminary expectations that first quarter revenue will be above the mid-point of its outlook of $14.8 billion-to-$15.4 billion. The full-year sales guidance is not changed.