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Lockheed CEO-elect Kubasik resigns after ethics probe

Christopher Kubasik, Lockheed Martin's president, chief operating officer and CEO-elect, resigned Friday after an ethics probe revealed an improper relationship with a subordinate employee. The board named Marillyn Hewson, the executive vice president of the company's Electronic Systems unit, the president and COO, effective immediately. Hewson will also become the CEO in January 2013 when Kubasik had been slated to become the company's chief executive, taking over for retiring Bob Stevens.

Tags: Lockheed Martin , Chris Kubasik , industry

Friday - 11/09/2012, 06:55pm EST