The Board of Directors of Lockheed Martin has elected James D. Taiclet as president and CEO, effective June 15. Taiclet has served as chairman, president and CEO of American Tower Corporation since 2004 and CEO since 2003. During that time, American Tower grew significantly and increased its market capitalization from approximately USD 2bn to approximately USD 100bn.
Prior to joining American Tower in 2001, Taiclet was president of Honeywell Aerospace Services, and prior to that was vice president, engine services at Pratt & Whitney.
Frank A. St. John, the current executive vice president of Lockheed Martin’s Rotary and Mission Systems (RMS) business, was elected to serve as chief operating officer. Stephanie C. Hill, senior vice president, Enterprise Business Transformation, was appointed as executive vice president, RMS.
St. John joined Lockheed Martin more than 30 years ago and took on roles of increasing responsibility in engineering and program management before joining the corporation’s executive leadership team.
Hill has served as senior vice president, Enterprise Business Transformation, where she led the corporation’s Digital Transformation and Enterprise Information Technology teams. Prior to that, Hill was deputy executive vice president of RMS and senior vice president for corporate strategy and business development.