Lockheed Martin appoints new treasurer

Lockheed Martin has appointed John Mollard vice president and treasurer, effective April 4.

He succeeds Ken Possenriede, who will become vice president, Finance and Business Operations at Aeronautics.

In his new role, Mollard will lead the company’s worldwide banking activity including global treasury operations, foreign exchange and capital markets, rating agency relations, capital planning and facilities and risk management, the company said.

Mollard will also oversee Lockheed’s LMC Properties subsidiary.

Mollard is currently vice president of financial planning and analysis. He has been with the company since 1983.