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Lockheed CEO: Company 'Will Not Miss a Beat'

CEO of Lockheed Martin said the company is "not in crisis" following the ethics-related resignation of a top executive, the Washington Business Journal reports.

Lockheed Martin CEO Bob Stevens revealed more details to reporters surrounding the ethics-related resignation of Christopher Kubasik, who had been the company's vice chairman, president and COO, The Washington Business Journal reports.

Kubasik resigned Friday after an investigation conducted by an outside firm found he had a "close personal relationship" with a subordinate employee. He was set to succeed Stevens as CEO of the Bethesda-based defense giant in January.

An employee who was not the person involved in the relationship came forward with the allegations in October, Stevens said, according to the Business Journal.

Stevens called the employee "quite courageous" and said Lockeed would "not miss a beat" strategically, operationally or financially following the resignation.

Read the full story at the Washington Business Journal.

Fran Asbeck November 13, 2012 at 04:05 PM
My comment on this article was censored and purged. Apparently it is in bad form in Bethesda Patch, the edition that could not cope with my remarks, to be critical of the rich and powerful. A pox on the lot of them, and on Patchwork's editorship, as well.

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