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Business/Financial

Despite Surprise Leadership Announcement, Analysts See Positives At Northrop Grumman

By Cal Biesecker

Friday, July 13th, 2018

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Despite Surprise Leadership Announcement, Analysts See Positives At Northrop Grumman

Kathy Warden, president and chief operating officer of Northrop Grumman, will become president and CEO on Jan. 1, 2019. Photo: Northrop Grumman

Northrop Grumman [NOC] made a surprise announcement Thursday evening that Chairman and CEO Wes Bush will step down from the CEO role next year and be succeeded by Kathy Warden, the company’s current president and chief operating officer (COO), who has been groomed to take over leadership of the company.Prior to becoming president and COO on Jan. 1 of this year, Warden led Northrop Grumman’s $11.4 billion Mission Systems sector, overseeing programs that include cyber, self-protection and targeting, air and…

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