Northrop Grumman [NOC] on Monday announced that Kenneth Bedingfield, the company’s vice president for Finance in the corporate office, will become chief financial officer next year after the company files its 2014 annual report.
Bedingfield will succeed James Palmer, who previously announced his intention to retire in 2015. Bedingfield will report to Northrop Grumman Chairman, President and CEO Wes Bush and will have responsibility for business management activities including accounting, treasury, contracts and pricing, tax, financial planning, internal audit, investor relations, and trust administration and investments.
Before joining Northrop Grumman in 2011, Bedingfield spent 17 years with the accounting and consulting firm
KPMG, LLP, most recently as the national client leader of its United States aerospace and defense audit practice.
Lockheed Martin [LMT] on Monday said that Robert Rangel, vice president of Lockheed Martin Programs and Global Security Policy with responsibility for managing the company’s relationships with the Defense Department and several federal agencies, will take charge of its Washington, D.C., office effective Jan. 1, 2015.
Rangel, 55, will succeed Greg Dahlberg, 63, who has been named senior vice president for Strategic Enterprise Initiatives and will retire in August 2015.
Rangel, who will be the senior vice president for Washington Operations and a corporate officer, will be responsible for the company’s relationships with Congress, DoD, and all other federal offices and agencies. He will also be responsible for the company’s Employee Political Action Committee.
Rangel is a former special assistant to the Secretary of Defense and Deputy Secretary of Defense.