Bruce Tanner will take over CFO duties at Lockheed Martin, replacing Christopher Kubasik, who has held the finance chief role for more than six years. Tanner, currently a finance executive in one of Lockheed’s four divisions, will now be responsible for the entire company’s financial strategies, processes, and operations.
Kubasik also has a new job: he’ll head up Lockheed’s electronic systems business area, replacing Robert Coutts, who is retiring in April. The executives will begin their new roles on September 1, when Coutts will move to “a special-assignment role” until his retirement. Kubasik, who began his career with Ernst & Young, joined the company in 1999 as a controller.
Tanner’s job change is one of three announced by the aerospace defense contractor on Friday. Tanner, a 25-year veteran of Lockheed, has served as vice president of finance and business operations for Lockheed Martin Aeronautics Co. for the past year. He began his career in the company’s aeronautics business area and was CFO of the electronic systems business area for four years.
Lockheed president and CEO Bob Stevens predicts Tanner will be an “outstanding” CFO: “Bruce has provided in-depth analysis, led the development and implementation of innovative financial strategies, counseled our executive team on critical financial issues, and demonstrated a deep understanding of all aspects of financial management.”