Lockheed Martin Announces Chief Financial Officer Transition
Lockheed Martin (NYSE: LMT) has announced the appointment of Evan Scott as its new Senior Vice President and Chief Financial Officer (CFO), effective immediately.
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Rhea-AI Summary
Lockheed Martin (NYSE: LMT) has announced the appointment of Evan Scott as its new Senior Vice President and Chief Financial Officer (CFO), effective immediately. Scott, a 26-year company veteran who previously served as treasurer and CFO of two business areas, succeeds Jesus "Jay" Malave, who is departing to pursue other opportunities.
The company will hold its first quarter 2025 earnings results webcast on Tuesday, April 22, 2025, at 11 a.m. ET. CEO James Taiclet and VP of Treasury and Investor Relations Maria Ricciardone will reaffirm the company's 2025 guidance, excluding impacts from tariffs and the Next Generation Air Dominance announcement. The results will be published before market opening, with the webcast and presentation materials available on the company's investor website.
Positive
- Smooth leadership transition with an experienced internal candidate who has 26 years of company knowledge
- Maintenance of 2025 guidance indicates business stability
Negative
- Unexpected departure of previous CFO could signal internal challenges
- Guidance excludes potentially significant impacts from tariffs and Next Generation Air Dominance program
Details
News Market Reaction – LMT
The recorded move for LMT in the trading session of this news was -2.72%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Evan Scott, 26-year Company Veteran, Appointed by the Board as the new CFO
Jesus "Jay" Malave to pursue other opportunities
"Over his 26 years at Lockheed Martin, Evan has earned the utmost respect as an experienced finance and operations leader, with deep understanding of our business and mission. I am confident he is the right choice to drive our continued growth and lead our finance organization with excellence," said Lockheed Martin Chairman, President and CEO James Taiclet.
The company will hold its first quarter 2025 earnings results webcast as scheduled on Tuesday, April 22, 2025, at 11 a.m. ET. James Taiclet and Maria Ricciardone, vice president, Treasurer and Investor Relations, will reaffirm the company's previously-issued 2025 guidance, exclusive of the evolving impacts of tariffs and the recent Next Generation Air Dominance announcement, provide updates on other key topics and answer questions.
First quarter 2025 results will be published prior to the market opening on April 22. The live webcast will be available at www.lockheedmartin.com/investor and the accompanying presentation slides and relevant financial charts will also be available on the same website prior to market open.
About Lockheed Martin
Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at Lockheedmartin.com.
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SOURCE Lockheed Martin
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