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Business/Financial

Lockheed Martin CFO Abruptly Retires

By Cal Biesecker

Wednesday, August 4th, 2021

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Lockheed Martin CFO Abruptly Retires

John Mollard, Lockheed Martin's acting chief financial officer. Photo: Lockheed Martin

Lockheed Martin [LMT] late Tuesday afternoon announced that its chief financial officer, Kenneth Possenriede, had decided to retire immediately for personal reasons after 35 years with the company. John Mollard, the company’s treasurer, has been named acting CFO on an interim basis. Mollard has been with the company 38 years. Possenriede’s abrupt retirement was a surprise. He was named CFO in February 2019, reporting to Marillyn Hewson, who at the time was Lockheed Martin’s chairman, president and CEO. James Taiclet,…

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