Le Lézard
Classified in: Science and technology
Subject: PER

Raytheon vice president Todd Ernst to lead Corporate Development



WALTHAM, Mass., Oct. 5, 2017 /PRNewswire/ -- Raytheon Company (NYSE: RTN) today announced that Todd Ernst has been named vice president, Corporate Development to succeed Michael J. Cody, who is retiring after serving more than eight years in the role at the company. The change is effective Nov. 6, 2017.

Ernst adds oversight of merger and acquisitions while continuing his role as head of Investor Relations. He also continues to report to Raytheon vice president and Chief Financial Officer Toby O'Brien.

"Todd's expertise in finance, banking and strategy is ideally suited to his expanded role as we continue to position the company for global growth," said O'Brien. "I want to thank Michael for his solid leadership of our Corporate Development function and congratulate him on an impressive career supporting our overall global growth, competitive advantage and enterprise collaboration goals."

Ernst has led Raytheon's Investor Relations since November 2010. He joined Raytheon in January 2010 as director, Competitive Assessment for Corporate Strategy. Previously, he held senior equity analyst positions at Balyasny Asset Management and Neuberger Berman, covering aerospace and defense and other industry sectors. He holds a Bachelor of Arts in History from DePauw University and a Master of Business Administration with an emphasis in Finance and Corporate Strategy from the University of Michigan's Ross School of Business. He is also a designated Certified Treasury Professional.

Cody has led Corporate Development since June 2009 when he joined Raytheon. He was instrumental in shaping the company's cyber and technology portfolios, leading 20 acquisitions including Raytheon's $1.57 billion agreement with Vista Equity Partners to form a new company that combined Websense (a Vista portfolio company) with Raytheon Cyber Products to become what is now Forcepoint. Previously, he served in senior corporate development roles at Ensign-Bickford Industries Inc., Meadowood Capital Ltd, EMC Corporation and United Technologies Corporation. He also held investment banking positions at PricewaterhouseCoopers and Kidder Peabody & Co. Additionally, Cody served as a director on the boards of MTI Technologies Ltd. and Safeguard Scientifics Inc. He holds a Bachelor of Arts in Economics from the University of Massachusetts, and a Master of Business Administration from Columbia University ? Columbia Business School.

About Raytheon

Raytheon Company, with 2016 sales of $24 billion and 63,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 95 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5Itm products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Massachusetts. Follow us on Twitter.

Investor Relations Contact
Todd Ernst
+1.781.522.5141

Media Contact
Corinne Kovalsky
+1.781.522.5899

SOURCE Raytheon Company


These press releases may also interest you

at 22:51
On August 15th 2018, Co-Evolution: Tezign Press Conference was held at the Mixing Room, Mercedes-Benz Arena, Shanghai, attracting over 200 participants from capitals, enterprises, corporate partners, media, etc. Tezign announced its strategy upgrade...

at 22:47
Facepower Asset Chain (FAC) has rolled out a powerful blockchain facility -- a decentralized idol creation ecosystem -- which enables a public, transparent, self-managed and efficient system for investors, fans and idols. It ensures fairness and...

at 22:37
The YOYOW-WeCenter Special Edition, customized and developed by YOYOW and based on WeCenter Q&A community framework, has been released on GitHub. Compared to regular WeCenter frameworks, YOYOW is providing free open source services and will be...

at 21:30
Xilinx, Inc. and SK Telecom (SKT) today jointly announced that SKT has deployed Xilinx® FPGAs as their artificial intelligence (AI) accelerators in its data center. The Xilinx® Kintex® UltraScaletm FPGAs are now running SKT's automatic...

at 21:30
WASHINGTON, Aug. 15, 2018 /PRNewswire-PRWeb/ -- Venio Systems, the fastest growing e-Discovery technology provider, partners with Modus, one of the legal industry's most established brands, providing Modus OnDemand powered by Venio. The Modus...

at 21:25
Charter Communications, Inc. (along with its subsidiaries, "Charter") today announced that its subsidiaries, Charter Communications Operating, LLC ("CCO") and Charter Communications Operating Capital Corp. (together with CCO, the "Issuers"), have...




News published on 5 october 2017 at 13:30 and distributed by: