
Huntington Ingalls Industries [HII] on Friday said that Chris Kastner, the company’s chief operating officer (COO), will take over as president and CEO effective March 1, succeeding Mike Petters, the only chief executive the company has known since it was spun out of Northrop Grumman [NOC] in 2011. HII said that Kastner’s appointment to lead the shipbuilding and professional services company is part of its multi-year succession planning process. Petters, 62, will remain as executive vice chairman, helping with the…