PROVIDENCE, R.I.--(BUSINESS WIRE)--Oct. 29, 2012--
Textron Inc. (NYSE:TXT) today announced that Ellen Lord has been named
president and CEO of its Textron Systems segment. She succeeds Fred
Strader who is retiring from the company.
Lord has been serving as the senior vice president and general manager
of Textron Defense Systems (TDS), an operating unit of Textron Systems
that manufactures smart weapons as well as advanced intelligence,
surveillance, reconnaissance and protection systems.
Lord joined Textron in 1984 as a chemist for Textron’s Automotive
Technology Center in Dover, N.H. where she led the development of an
innovative new family of engineering thermoplastics. She transitioned to
Textron Systems in 1998 and since then has held a variety of leadership
roles across its many businesses, including senior vice president and
general manager of AAI Corporation and vice president of integration
management for Textron Systems.
Lord will report directly to Textron Chairman and Chief Executive
Officer, Scott Donnelly. “Since taking over the leadership of TDS in
January 2011, Ellen has effectively tackled the dynamics of an
unpredictable defense industry and shifting customer demands,
successfully realigning the business to drive a culture of superior
execution and profitable growth,” said Donnelly. “She is a highly
respected professional in the defense industry and for more than two
decades, has been an outstanding leader at Textron with a proven track
record in achieving profitable results. I am confident that her
extensive experience in business strategy and execution—along with her
high-energy approach to business development—make her the ideal
candidate to help Textron Systems maximize its global growth
opportunities.”
In reference to Lord’s predecessor, Fred Strader, Donnelly added, “Under
Fred’s leadership, Textron Systems achieved several product milestones
and program wins, including the successful launch of the Shadow TM
Tactical Unmanned Aerial System and most recently, the capture of the
U.S. Navy Ship-to-Shore Connector opportunity as well as Canada’s
Tactical Armoured Patrol Vehicle Program. We thank him for his
leadership and service to the corporation and wish him the very best in
his retirement.”
About Textron Systems
Textron Systems has been providing innovative solutions to the defense,
homeland security and aerospace communities for more than 50 years.
Headquartered in Wilmington, Mass., the company is known for its
unmanned aircraft systems, advanced marine craft, armored vehicles,
intelligent battlefield and surveillance systems, intelligence software
solutions, precision smart weapons, piston engines, test and training
systems, and total life cycle sustainment and operational services.
Textron Systems includes AAI Logistics & Technical Services, AAI Test &
Training, AAI Unmanned Aircraft Systems, Advanced Systems, Aerosonde,
ESL Defence, Lycoming Engines, Medical Numerics, MillenWorks, Overwatch,
Textron Defense Systems and Textron Marine & Land Systems. More
information is available at www.textronsystems.com.
About Textron Inc.
Textron Inc. is a multi-industry company that leverages its global
network of aircraft, defense, industrial and finance businesses to
provide customers with innovative solutions and services. Textron is
known around the world for its powerful brands such as Bell Helicopter,
Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee,
and Textron Systems. More information is available at www.textron.com
Source: Textron
Textron Inc.
Investor Contacts:
Doug Wilburne,
401-457-2288
or
Justin Bourdon, 401-457-2288
or
Media
Contact:
David Sylvestre, 401-457-2362
