Louis R. Hughes Elected President, Chief Operating Officer And Director Of Lockheed Martin
BETHESDA, MD, 27-APR-00 -- Lockheed Martin's Board of Directors has elected Louis R. Hughes as President and Chief Operating Officer (COO) of the Corporation. He succeeds Peter B. Teets, who retired in 1999. Hughes was also elected to the Board of Directors. As COO, Hughes will report to Chairman and CEO Vance D. Coffman and will be responsible for day-to-day operations, while Coffman will focus on strategic and financial issues. The leaders of the Corporation's four business areas and its Global Telecommunications subsidiary, along with the Chief Financial Officer, and the Executive Vice President for Shared Services will report to the Office of the Chief Executive, which will include Hughes and Coffman.
Hughes, 51, joins Lockheed Martin from General Motors Corporation where he had served as Executive Vice President and President of GM's $36 billion international operations, based in Zurich, Switzerland. In that capacity, he was part of the GM President's Council-consisting of GM's top six executives-responsible for evaluating all key strategic, operating, financial and personnel decisions. Most recently, as Executive Vice President-new business strategies, Hughes was responsible for the development of new business and for managing GM's relationships with international business partners.
A 1971 mechanical engineering graduate of the GM Institute, Hughes earned his Master's in Business Administration from Harvard University in 1973.