Lockheed Martin Elects Thomas J. Falk To Board Of Directors

BETHESDA, Md., 06/24/2010 -- The Lockheed Martin [NYSE: LMT] board of directors has elected Thomas J. Falk, Kimberly-Clark Corporation [NYSE: KMB] Chairman and Chief Executive Officer, to its board, effective tomorrow.

Earlier in his 27-year career at Kimberly-Clark, Falk, 52, held finance, strategy and management positions before being appointed CEO in 2002 and Chairman in 2003. Before joining Kimberly-Clark in 1983, Falk was with the accounting firm of Alexander Grant & Co.

Falk currently serves on the boards of Catalyst and the University of Wisconsin Foundation. Additionally, he is a national governor of the Boys and Girls Clubs of America.

He received his bachelor's degree in accounting from the University of Wisconsin in 1980 and earned a master of science degree in management as a Sloan Fellow at the Stanford University Graduate School of Business in 1989.

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 136,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2009 sales of $45.2 billion.

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