New finance chief, board changes highlight latest exec moves
Michelle Turner, chief financial officer at L3Harris COURTESY OF L3HARRIS
By
Ross Wilkers
Among the latest executive moves in the market are new chief financial officer at one of the defense market's blue chip players and changes at two companies' board of directors.
One of the defense market’s blue chip companies is getting a new chief financial officer as two other publicly-traded government contractors detail changes in their boards of directors.
Here is a roundup of the past two work days in people news.
L3Harris Technologies
Heading to L3Harris as its new CFO is Michelle Turner, a former Johnson & Johnson executive and 10-year Raytheon veteran before that.
Turner’s appointment takes effect immediately and she succeeds Jay Malave, who has been CFO since L3Harris’ launch in the summer of 2019. He is leaving to pursue career opportunities outside of L3Harris, the defense technology company said Monday.
At Johnson & Johnson, Turner led finance for its enterprise supply chain function with responsibility to develop strategies for financial and cash performance. She is also a former CFO for the Raytheon space and airborne systems business.
L3Harris will report its full-year financial results for 2021 on Jan. 31.
Parsons Corp.
Taking on the additional title of chairwoman of Parsons’ board of directors is Carey Smith, who became CEO of the engineering and technology company last year.
Smith succeeds Chuck Harrington, who will retire from his current role as executive chairman on April 14. Harrington, a 40-year Parsons veteran, previously stepped back from the chief executive role as part of the succession plan that elevated Smith to CEO.
In conjunction with that, Parsons said Monday its board also elected current member and former Arch Coal CEO Steven Leer as lead independent director to succeed Jim McGovern.
Parsons will report its full-year financial results for 2021 on Feb. 24.
Telos Corp.
The cybersecurity company’s board of directors is gaining two new members in Bradley Jacobs and Derrick Dockery as the panel prepares for a departure.
Bernard Bailey will not seek re-election to the board at Telos’ next annual stockholder meeting after nearly 16 years as a member, Telos said Friday.
Jacobs is a former senior vice president of finance for BAE Systems’ U.S. subsidiary and currently is a consultant on federal contracting bid protests, both defense and other agencies.
Dockery is the co-founder of Yellow Ribbons United, a nonprofit focused on bridging the gap between military service and civilian life through civic and social action. The former 9-year NFL offensive lineman also currently is a relations and public affairs professional for TikTok.
Bailey is a former CEO of technology services companies Paraquis Solutions and Viisage Technology.