UA Culverhouse Grad Marillyn Hewson Named President, COO of Lockheed Martin

TUSCALOOSA, Ala. — Marillyn A. Hewson, a graduate of The University of Alabama’s Culverhouse College of Commerce, has been named president and chief operating officer of Lockheed Martin, succeeding president and COO Chris Kubasik. The changes are effective Jan. 1, 2013.

Kubasik will succeed Bob Stevens as CEO.

Hewson’s successor as executive vice president of Lockheed Martin’s Electronic Systems business area will be announced later this year.

“Continuous global economic and security challenges have created a new reality in which leadership with a long-term view can provide a sustained competitive advantage,” Stevens said.  “Chris and Marillyn are superbly well prepared to guide the continuous evolution of Lockheed Martin’s strategies and operating concepts in ways that will allow us to simultaneously address the evolving needs of customers and the expectations of shareholders.”

Hewson was named executive vice president of the Electronic Systems business area in January 2010.  In serving the company for 29 years, she has held leadership positions on the corporate staff and in three of the corporation’s four businesses.

Hewson earned her bachelor’s degree in business administration and a master’s degree in economics from UA.  She also attended the Columbia Business School and Harvard Business School executive development programs. She chairs the Sandia Corp. board of directors, and she serves on the board of DuPont.

Hewson is a member of the Association of the United States Army Council of Trustees and The University of Alabama’s Culverhouse College of Commerce and Business Administration Board of Visitors.

Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 123,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation’s net sales for 2011 were $46.5 billion.