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WASHINGTON — RTX chief govt Greg Hayes will step down in Could, the corporate introduced Thursday.
The corporate’s chief working officer, Chris Calio, will take over the CEO position.
Hayes was beforehand chief govt of United Applied sciences Corp. from 2014 till 2020, when Raytheon and UTC merged. Hayes was named CEO of the newly fashioned firm, which is now referred to as RTX.
In a Dec. 14 assertion, the corporate described the management change as a “long-planned transition,” noting Calio was appointed chief working officer in 2022 and tasked with reorganizing RTX from 4 enterprise items into three: Pratt & Whitney, Collins and Raytheon.
“In the present day’s announcement displays the board’s deliberate, disciplined succession planning course of,” Hayes stated in a press release. “Chris has an understanding of the trade, our prospects’ wants and our operations. I’ve each confidence in his capacity to guide RTX and drive the corporate’s long-term success.”
The management transition will happen on the firm’s annual shareowners assembly slated for Could 2. Hayes will proceed to function RTX’s govt chairman.
Calio beforehand was president of Pratt & Whitney.
RTX is the second largest world protection contractor when ranked by defense-focused income, in accordance with the 2023 Protection Information Prime 100 listing.
Courtney Albon is C4ISRNET’s area and rising know-how reporter. She has coated the U.S. army since 2012, with a concentrate on the Air Power and Area Power. She has reported on a few of the Protection Division’s most vital acquisition, price range and coverage challenges.
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