LOCKHEED MARTIN NAMES DAVID T. CLOUS VICE PRESIDENT, ETHICS AND BUSINESS CONDUCT
BETHESDA, MD, April 27th, 1998 -- Lockheed Martin Corporation (NYSE:LMT) has appointed David T. Clous as corporate vice president, ethics and business conduct, effective immediately. He succeeds Carol R. Marshall, who elected to leave the Corporation last month. In his new position, Clous will be responsible for Lockheed MartinÂ¿s corporatewide business ethics and compliance programs, which are internationally recognized and regarded as a model for other companies.
Clous, 59, has served for the last year as Lockheed MartinÂ¿s vice president of ethics operations, coordinating ethics and business conduct programs throughout the Corporation. Previously, he was vice president of internal audit for Lockheed MartinÂ¿s Energy and Environment Sector and Corporate Headquarters functions.
Prior to Lockheed MartinÂ¿s formation in March 1995, Clous served as vice president of corporate audit for the former Martin Marietta Corporation for nine years. He joined Martin Marietta in 1968 as a financial specialist, later serving in auditing and audit management positions at the companyÂ¿s aerospace business in Denver before becoming director of corporate audit in 1979. Clous earned his bachelorÂ¿s degree in business administration and finance from the California State Polytechnic University and his masterÂ¿s in business administration from Golden Gate University.
"Our ability to maintain the high standard of ethical conduct we have established for Lockheed Martin depends on the personal integrity of each of our employees and on a comprehensive ethics programs that promotes awareness of the rules, regulations, and compliance issues that apply to our diverse businesses," said Peter B. Teets, Lockheed Martin president and chief operating officer. "With his extensive experience in the business practices and audit functions, Dave Clous is well qualified to lead our ethics programs and build on the reputation this important function earned under Carol MarshallÂ¿s guidance."