
Hanwha Defense USA on Monday announced the departure of CEO John Kelly, who is being succeeded by Michael Smith, a former executive with Lockheed Martin [LMT], HII [HII], and BAE Systems. Kelly, who has led Hanwha Defense USA since May 2021, is pursuing new opportunities but will stay on until mid-September to help with the leadership transition. Smith's appointment as president and CEO is immediate. He is a U.S. Navy veteran and most recently served as a strategic adviser for…