Lockheed Martin’s board of directors has approved the appointment of Kenneth R. Possenriede as executive vice president and chief financial officer, succeeding Bruce L. Tanner, who intends to retire in mid-2019. Possenriede’s appointment is effective Feb. 11, 2019. Possenriede is currently vice president of Finance and Program Management at Aeronautics, where he is responsible for all aspects of the business area’s finances and program management processes, including accounting, contracts, business management, financial planning, scheduling and earned value. Prior to his current role, Possenriede was vice president and treasurer for Lockheed Martin from 2011 to 2016.
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