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Textron Hires Scott Ernest From GE Aviation As Cessna President, CEO

DOW JONES NEWSWIRES Textron Inc. (TXT) hired Scott A. Ernest, a former GE Aviation executive, as the new president and chief executive of its Cessna Aircraft Co. general aviation unit. Former Cessna Chairman and CEO Jack J. Pelton retired in May. Ernest, a 29-year veteran of General Electric Co. (GE), was most recently vice president and general manager of global supply chain for GE Aviation. Textron President and Chief Executive Scott C. Donnelly said, "Accelerating Cessna's new product and service development, strengthening its manufacturing and sourcing operations, and intensifying its global expansion efforts are key to moving Cessna forward. Scott brings an extensive track record of success in these areas along with a reputation as an outstanding leader." Textron reported in April it swung to a fiscal first-quarter profit, but missed analysts' estimates as Cessna continued to struggle amid low production and delivery levels. Shares were trading up 19 cents at $22.66. The stock has risen 10% over the past year. -By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Stock News for Textron (TXT)
DateTimeHeadline
06/27/201620:00:00Cessna Delivers Milestone 7,000Th Citation as NetJets’ First C...
06/27/201616:17:20Annual Report of Employee Stock Plans (11-k)
06/22/201610:00:00Textron to Release Second Quarter Results on July 22, 2016
06/17/201608:45:00Industrial Goods Sector Equities Under the Scanner -- Textron...
06/07/201605:06:00Textron Systems Unmanned Systems Selects iBASEt's Solumina
06/01/201612:00:00Northrop Grumman's Navigation System to be Offered on Beechcraft...
05/31/201614:32:58Specialized Disclosure Report (sd)
05/26/201615:10:00Bristow Sees Drop in Energy-Related Work, May Cancel Helicopter...
04/28/201606:11:02Quarterly Report (10-q)
04/27/201610:17:00Textron Declares Quarterly Dividend
04/20/201606:34:49Current Report Filing (8-k)
04/20/201606:30:00Textron Reports First Quarter 2016 Income from Continuing Operations...
04/05/201616:18:30Statement of Changes in Beneficial Ownership (4)
04/04/201615:11:15Statement of Changes in Beneficial Ownership (4)
04/04/201615:07:49Statement of Changes in Beneficial Ownership (4)
04/04/201615:02:37Statement of Changes in Beneficial Ownership (4)
04/04/201614:59:32Statement of Changes in Beneficial Ownership (4)
04/04/201614:55:08Statement of Changes in Beneficial Ownership (4)
04/04/201614:49:54Statement of Changes in Beneficial Ownership (4)
04/04/201614:42:07Statement of Changes in Beneficial Ownership (4)

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