Robert J. Stevens
| Robert J. Stevens | |
|---|---|
| Born |
1951 McKeesport, Pennsylvania, U.S. |
| Alma mater |
Slippery Rock University Polytechnic University of New York Columbia Business School |
| Occupation | Executive Chairman of Lockheed Martin |
Robert J. Stevens (born 1951), is the Executive Chairman of Lockheed Martin. He was the Chairman and Chief Executive Officer (CEO) of Lockheed Martin until January 1, 2013 when Marillyn Hewson became CEO and President.
Early life
Born in McKeesport, Pennsylvania, Stevens is a summa cum laude graduate of Slippery Rock University from which he received the Distinguished Alumni Award. He earned a master's degree in engineering and management from the Polytechnic University of New York and, with a Fairchild Fellowship, earned a master's degree in business administration from Columbia Business School in 1987.[1] He is a graduate of the Department of Defense Systems Management College Program Management course and also served in the United States Marine Corps. He has been recognized by the National Management Association as Executive of the Year, by Government Computer News as the Industry Executive of the Year, by the Partnership for Public Service with the Private Sector Council Leadership Award, and by the Marine Corps Scholarship Foundation with the Globe and Anchor Award.
Career
Stevens serves as Executive Chairman of Lockheed Martin. He has held a variety of increasingly responsible executive positions with the Corporation, including President and Chief Operating Officer, Chief Financial Officer, and head of Strategic Planning through a career that has included experience in program management, finance, manufacturing, and operations.
Stevens is a Fellow of the American Astronautical Society, the American Institute of Aeronautics and Astronautics, the Royal Aeronautical Society, and the International Academy of Astronautics. He serves on the International Advisory Boards of the Atlantic Council and the British-American Business Council and serves as a member of the Aerospace Industries Association’s Board of Governors. He is a member of the Council on Foreign Relations, is Lead Director of the Monsanto Company, and a member of the Board of Directors of the Congressional Medal of Honor Foundation. Stevens also served on President Bush's Commission to Examine the Future of the United States Aerospace Industry.
In October 2000, Stevens became President and Chief Operating Officer when Louis R. Hughes resigned[2] after only six months.[3] During 2001 and 2002, Stevens served on President Bush’s Commission on the Future of the United States Aerospace Industry. On August 5, 2004, he was elected Chief Executive Officer of Lockheed Martin by its board of directors, succeeding Vance Coffman. In 2004, he was recognized by the National Management Association as Executive of the Year. He was elected Chairman on April 28, 2005, retaining his previous responsibilities as President and CEO.[4] He has held a variety of executive positions including Chief Operating Officer, Chief Financial Officer, and head of Strategic Planning.
While CEO of Lockheed Martin in 2008, Stevens earned a total compensation of $22,863,062, which included a base salary of $1,774,038, a cash bonus of $12,817,750, stocks granted of $2,992,360, options granted of $4,827,500, and other compensation of $451,414.[5] In 2009, Stevens earned a total compensation of $20,473,451, which included a base salary of $1,834,615, a cash bonus of $9,146,000, stocks granted of $2,558,120, options granted of $6,564,800, and other compensation of $369,916.[6]
In 2009, Stevens was considered one of "The TopGun CEOs" by Brendan Wood International, an advisory agency.[7][8]
On April 26, 2012 it was announced that Robert J. Stevens would be retiring in December 2012 with then President and COO Chris Kubasik being promoted to CEO effective January 1, 2013.[9] However, in November 2012, an ethics violation forced Chris Kubasik to resign,[10] effectively making Marillyn Hewson (then Executive Vice President, Electronic Systems) the new President and COO immediately, with her taking the helm as CEO in January 2013. Bob Stevens was elected to remain as Executive Chairman through 2013.[11]
On December 14, 2012, Robert Stevens will be awarded the 2012 Wright Brothers Memorial Trophy for his contributions to the Aerospace industry.[12]
References
- ↑ http://images.businessweek.com/slideshows/20101130/25-highest-paid-ceos-with-mbas/slides/9
- ↑ October 19, 2000 Lockheed Martin Press Release - Hughes resigns, Stevens named President and COO
- ↑ April 27, 2000 Lockheed Martin Press Release - Hughes elected President, COO, and Director
- ↑ April 28, 2005 Lockheed Martin Press Release - Stevens elects Chairman of the Board of Directors
- ↑ 2008 CEO Compensation for Robert J. Stevens, Equilar
- ↑ 2009 CEO Compensation for Robert J. Stevens, Equilar
- ↑ The Market's Best Managers - Forbes.com, Forbes.com
- ↑ Brendan Wood International Announces 24 TopGun CEOs in the US, Reuters.com
- ↑ Lockheed Chief to Retire and Hand Reins to an Insider, The New York Times
- ↑ Lockheed’s Incoming Chief Forced Out Over Ethics Violation
- ↑ [http://markets.on.nytimes.com/research/stocks/news/press_release.asp?docTag=201211091634PR_NEWS_USPRX____PH10245&feedID=600&press_symbol=184690. Lockheed Martin Board Elects Marillyn Hewson CEO & President and Member of the Board]
- ↑ http://naa.aero/html/awards/index.cfm?cmsid=58 2012 Wright Brothers Memorial Trophy Awarded to Robert Stevens
External links
| Business positions | ||
|---|---|---|
| Preceded by Vance D. Coffman |
Chief Executive Officer of Lockheed Martin 2004-2012 |
Succeeded by Chris Kubasik |
| Preceded by Louis R. Hughes |
President of Lockheed Martin 2000-2010 |
Succeeded by Chris Kubasik |
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