BETHESDA, Md., June 6, 2022
/PRNewswire/ -- Lockheed Martin (NYSE: LMT) announced that its
board of directors has elected Evan T. Scott as vice president
and treasurer, and H. Edward "Ed" Paul, III as vice president and
controller, effective immediately.
Scott succeeds John Mollard, who
has announced his plans to retire at the end of the year after more
than 39 years of service to the company. Paul succeeds Brian Colan, who has also announced his plans to
retire later this year after more than 10 years of service to the
company. Both Mollard and Colan will serve as strategic advisors
until their retirements as part of paired leadership transitions
for the positions.
"Evan and Ed's extensive leadership experience within our global
business and finance operations will drive both continued
excellence in our core finance functions and focused execution of
our growth strategy," said Lockheed Martin Chairman, President and
CEO James Taiclet. "I want to thank
John and Brian for their many contributions to the success of the
company over their decades of outstanding service."
As vice president and treasurer, Scott will lead the
corporation's worldwide banking activity, including global treasury
operations, foreign exchange and capital markets, rating agency
relations, capital planning, facilities and risk management. He
also will oversee financial planning and analysis and the LMC
Properties subsidiary. Scott began his career at Lockheed Martin in
June 1999 and has served as vice
president and assistant treasurer since August 2021. During his more than 20-year career
with the company, he has held roles of increasing responsibility
within the finance function.
As vice president and controller, Paul will lead the
corporation's accounting, government finance, global financial
services and financial transformation and systems functions. Paul
brings extensive experience partnering with executive management to
develop and deploy financial strategies that strengthen Lockheed
Martin's financial position, improve performance within our
existing businesses and expand into new areas. Paul joined the
company in May 2011 and has served as
vice president of accounting since March
2015. Prior to joining Lockheed Martin, Paul served in
accounting and audit roles at Discovery Communications, Inc. and
Ernst & Young LLP and is a certified public
accountant.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin
Corporation is a global security and aerospace company that employs
approximately 114,000 people worldwide and is principally engaged
in the research, design, development, manufacture, integration and
sustainment of advanced technology systems, products and services.
Please follow @LMNews on Twitter for the latest announcements and
news across the corporation.
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SOURCE Lockheed Martin