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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
09/23/201609:00:00Revenues in Defense Technology Companies Surge in 2016
09/20/201610:30:00Textron to Release Third Quarter Results on October 20, 2016
08/30/201618:50:00Textron Unveils Restructuring
08/30/201616:03:29Current Report Filing (8-k)
08/03/201615:05:58Statement of Changes in Beneficial Ownership (4)
07/28/201610:33:57Quarterly Report (10-q)
07/26/201616:54:00Textron Declares Quarterly Dividend
07/25/201610:00:00Textron Aviation Debuts Cessna Denali Single Engine Turboprop...
07/22/201606:35:04Current Report Filing (8-k)
07/22/201606:30:00Textron Reports Second Quarter 2016 Income from Continuing Operations...
07/15/201608:50:00Active Equities to Watch in the Industrial Goods Sector -- Textron...
07/08/201605:00:00Textron Airborne Solutions Launches; Focus on Growing Airborne...
07/06/201614:45:47Statement of Changes in Beneficial Ownership (4)
07/05/201614:13:53Statement of Changes in Beneficial Ownership (4)
07/05/201614:11:37Statement of Changes in Beneficial Ownership (4)
07/05/201614:09:21Statement of Changes in Beneficial Ownership (4)
07/05/201614:07:02Statement of Changes in Beneficial Ownership (4)
07/05/201613:57:39Statement of Changes in Beneficial Ownership (4)
07/05/201613:53:50Statement of Changes in Beneficial Ownership (4)
07/05/201613:50:15Statement of Changes in Beneficial Ownership (4)

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