Lockheed Martin Announces Management Changes
BETHESDA, MD, May 11th, 1999 -- Lockheed Martin today announced a series of management changes in three of its business sectors. Effective June 1, K. Michael Henshaw will become president and chief operating officer of the corporation's Energy & Environment Sector, succeeding Robert J. Stevens. Stevens had served in dual positions, but will now devote his full attention to his previously announced role as corporate vice president-strategic development.
"I'm confident that Mike Henshaw's extensive management experience, his skill and insights will add value to our Energy & Environment Sector," said Lockheed Martin Chairman and CEO Vance Coffman.
Henshaw, president of Lockheed Martin Missiles & Space of Sunnyvale, California-a unit of the Corporation's Space & Strategic Missiles Sector-will be succeeded by Albert E. Smith, currently the president of Aerospace Electronics Systems and of Sanders, a Lockheed Martin company based in Nashua, New Hampshire.
Sanders' Executive Vice President Walter P. Havenstein has been named President of Sanders and Acting President of Aerospace Electronics Systems-a segment within the Electronics Sector that comprises four units.
The corporation has also announced that, effective immediately, Lockheed Martin Missiles & Space Executive Vice President G. Thomas Marsh will become President of Lockheed Martin Astronautics, succeeding Raymond S. Colladay, who is retiring.
"In his 30-year career, Ray has played a significant role in many programs important to our company and our country. We wish him well in his retirement," Coffman said.