Lockheed Martin Corp., the world's largest defense firm, announced its incoming chief executive resigned after an ethics investigation confirmed he'd had a "close personal relationship" with a subordinate.
Christopher E. Kubasik, 51, was set to take the top job of the Bethesda, Md., aerospace giant Jan. 1. Now that role is to be filled by 58-year-old Marillyn A. Hewson, who would become Lockheed's first-ever female CEO.
Lockheed's board of directors also named Hewson acting president and chief operating officer in order to fill the jobs that once belonged to Kubasik. Hewson will retain her role as executive vice president of Lockheed's electronic systems unit until the end of this year.
"While I am deeply disappointed and saddened by Chris' actions, which have been inconsistent with our values and standards, our swift response to his improper conduct demonstrates our unyielding commitment to holding every employee accountable for their actions," Lockheed's current CEO and chairman, Robert J. Stevens, said in a statement.