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Northrop Grumman Chief Sugar Announces Plans To Retire, Bush To Takeover In January

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By Calvin Biesecker In a surprise announcement yesterday, Northrop Grumman [NOC] Chairman and CEO Ron Sugar said that he will retire at the end of this year and the company said that Wes Bush, who is currently its president and chief operating officer, has been elected CEO, effective Jan. 1, 2010. Lewis Coleman, currently Northrop Grumman's lead independent director, was elected by the company's board of directors as non-executive chairman effective at the start of 2010. Sugar, 61, who is…

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