Northrop Grumman names CFO; $955,000 salary, $2,000,000 sign-on
Northrop Grumman (NOC) announced a CFO transition.
Rhea-AI Filing Summary
Northrop Grumman (NOC) announced a CFO transition. The Board elected John Greene, age 60, as corporate vice president and chief financial officer, effective January 7, 2026. Greene previously served as EVP and CFO of Discover Financial Services from September 2019 to May 2025, and held senior finance roles at Bioverativ, Willis Group, HSBC, and General Electric.
Kenneth Crews will step down as CFO effective January 7, 2026 and remain with the company in an advisory capacity until February 20, 2026 to support a smooth transition. The Compensation and Human Capital Committee approved a base salary for Greene of $955,000 and a sign-on grant of Restricted Stock Rights valued at $2,000,000, with additional annual and long-term incentives commensurate with the role.
The company issued a press release on November 6, 2025 and reaffirmed its previously announced fiscal year 2025 guidance.
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Insights
CFO transition announced with guidance reaffirmation; neutral impact.
Northrop Grumman named John Greene as CFO effective January 7, 2026, with outgoing CFO Kenneth Crews advising through February 20, 2026. This staged handoff typically supports continuity during leadership changes.
Compensation terms include a base salary of $955,000 and a sign-on Restricted Stock Rights grant valued at $2,000,000, plus annual and long-term incentives. These figures align with large-cap defense peer norms for senior finance roles.
The company reaffirmed its fiscal year 2025 guidance in the accompanying press release. Without changes to guidance or strategy disclosed here, the near-term investment view remains unchanged based on this item alone.
8-K Event Classification
FAQ
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Who is the new CFO of Northrop Grumman (NOC) and when does he start?
What is John Greene’s compensation package at Northrop Grumman (NOC)?
What is happening with outgoing CFO Kenneth Crews at Northrop Grumman (NOC)?
Did Northrop Grumman (NOC) change its outlook with this update?
Was there a press release about Northrop Grumman’s CFO transition?
What prior roles did John Greene hold before joining Northrop Grumman (NOC)?
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