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Textron’s Campbell To Retire As CEO, Donnelly Named CEO-Elect

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Textron's [TXT] board of directors yesterday announced that Chairman and CEO Lewis Campbell will retire on Dec. 1 and will be succeeded by CEO-elect Scott Donnelly, who is currently president and chief operating officer of the company. Campbell, 63, remain as non-executive chairman until no later than the 2011 annual meeting of shareholders. Campbell has been Textron's CEO for 11 years and has been with the company for 17 years. Donnelly, 47, joined Textron in June 2008 as COO, becoming…

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