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Lockheed’s Incoming Chief Forced Out Over Ethics Violation
By CHRISTOPHER DREW
Published: November 9, 2012
Lockheed Martin’s incoming chief executive was forced out on Friday after an investigation showed he had had an improper relationship with a subordinate
The official, Christopher E. Kubasik, 51, was vice chairman, president and chief operating officer of Lockheed, the world’s largest military contractor. He was to become chief executive on Jan. 1.
Robert J. Stevens, Lockheed’s current chief executive, told reporters that an employee had tipped off the company two weeks ago to Mr. Kubasik’s relationship with another employee. Mr. Stevens said an investigation by outside lawyers had confirmed the assertion, which violated company ethics codes, and led the board to demand his resignation on Friday.
Citing privacy concerns, Mr. Stevens would not disclose details of Mr. Kubasik’s relationship. But Loren Thompson, a military analyst and consultant to Lockheed, said that Mr. Kubasik, who is married, had been involved in a long-standing relationship with a female employee who has since left the company.
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By CHRISTOPHER DREW
Published: November 9, 2012
Lockheed Martin’s incoming chief executive was forced out on Friday after an investigation showed he had had an improper relationship with a subordinate
The official, Christopher E. Kubasik, 51, was vice chairman, president and chief operating officer of Lockheed, the world’s largest military contractor. He was to become chief executive on Jan. 1.
Robert J. Stevens, Lockheed’s current chief executive, told reporters that an employee had tipped off the company two weeks ago to Mr. Kubasik’s relationship with another employee. Mr. Stevens said an investigation by outside lawyers had confirmed the assertion, which violated company ethics codes, and led the board to demand his resignation on Friday.
Citing privacy concerns, Mr. Stevens would not disclose details of Mr. Kubasik’s relationship. But Loren Thompson, a military analyst and consultant to Lockheed, said that Mr. Kubasik, who is married, had been involved in a long-standing relationship with a female employee who has since left the company.
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