PEOPLE

Raytheon chairman to retire, CEO Kennedy to assume role

Raytheon chairman William Swanson has announced his retirement effective September 30, 2014. Thomas Kennedy will take his place as chairman of the board effective October 1, 2014.

Swanson has been chairman since 2004. He also served as the company’s CEO from July 2003 to March 2014. After Swanson stepped down from being CEO, Kennedy took his place. Before that, Kennedy served as executive vice president and chief operating officer.

Swanson joins an apparent generational leadership shift at major defense and IT contractors as several leaders of the largest companies in the market have announced their retirement over the last two years, including Lockheed Martin, General Dynamics, Computer Sciences Corp., BAE Systems, Leidos, DynCorp International, American Systems Corp. and Unisys.

About the Author

Mark Hoover is a senior staff writer with Washington Technology. You can contact him at mhoover@washingtontechnology.com, or connect with him on Twitter at @mhooverWT.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • VIDEO: Explore the 2019 M&A Trends

    Editor Nick Wakeman interviews Kevin DeSanto of the investment bank KippsDeSanto about the highlights of their annual M&A survey and trends driving acquisitions in the federal space. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman and senior staff writer Ross Wilkers discuss the major news events so far in 2019 and what major trends are on the horizon. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.