Northrop Grumman’s board of directors announced today it has elected Wes Bush as its chairman, effective immediately.
“Wes Bush has the full support of the board and has made excellent progress improving the company’s performance for shareholders, customers and employees,” Coleman said. “This is the right time for Wes to assume the chairmanship of Northrop Grumman.”
Bush was elected to the company’s board of directors in 2009. Previously, he served as the president and chief operating officer, corporate vice president and chief financial officer, and president of the company’s space technology sector.
“Lew Coleman has been an outstanding chairman for our board, providing tremendous leadership through an important period for our company,” Bush said. “I look forward to working with him as our lead independent director.”
Coleman serves as president and CFO of DreamWorks Animation SKG and joined the company’s board of directors in 2001. He was elected nonexecutive chairman in January 2010.