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Lockheed Martin CFO Abruptly Retires

Cal Biesecker By
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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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