Business & Tech
Incoming Lockheed Martin CEO Resigns After Ethics Investigation
Investigation revealed Christopher E. Kubasik, slated to become Lockheed's CEO in January, had a "close personal relationship" with a subordinate employee, Lockheed announced.
The incoming CEO of Bethesda-based defense giant Lockheed Martin resigned Friday after an ethics investigation revealed he had a "close personal relationship" with a subordinate employee, according to news reports.
Lockheed Martin announced the resignation of Christopher E. Kubasik, the company's vice-chairman, president and COO.
The announcement came the same day that President Obama accepted the resignation of Gen. David Petraeus from his position as director of the Central Intelligence Agency—also reportedly due to personal indiscretions.
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According to Petraeus' resignation letter, he quit because he had engaged in an extramarital affair, NBC News reported.
At Lockheed Martin, Kubasik was slated to become the company's CEO in January.
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“While I am deeply disappointed and saddened by Chris’ actions, which have been inconsistent with our values and standards, our swift response to his improper conduct demonstrates our unyielding commitment to holding every employee accountable for their actions,” said Robert J. Stevens, Lockheed Martin chairman and CEO, in a statement.
President and COO Marillyn Hewson, 58, will take Kubasik's place as CEO Jan. 1, according to the statement.
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