Lockheed Ousts Incoming CEO Over Inappropriate Relationship

November 9, 2012 | By
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Lockheed Martin CEO-in-waiting Christopher Kubasik

Incoming Lockheed Martin CEO Christopher Kubasik has resigned after allegedly carrying on an inappropriate relationship with a subordinate employee, according to a company statement.

He’d been appointed this summer and was set to take over Jan. 1. He previously served as president and COO of the defense giant.

The company’s board asked for and received kubasik resignation, according to Bloomberg.

Chairman Robert J. Stevens said Kubasik actions did not affect the company’s financial performance.

Stevens described the alleged relationship as “lengthy” and “close,” according to Bloomberg.

Here is the company’s full release:

Read more at Business Insider


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