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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; [email protected]

Stock News for Textron (TXT)
DateTimeHeadline
02/22/201714:52:53Annual Report (10-k)
02/22/201714:07:00Textron Declares Quarterly Dividend
02/14/201700:58:00Textron Systems Successfully Tests G-CLAW™ Against Moving Targets
02/13/201717:32:39Statement of Ownership (sc 13g)
02/10/201714:20:43Amended Statement of Ownership (sc 13g/a)
02/08/201710:38:00Textron to Present at Cowen and Company 38th Annual Aerospace/Defense...
02/07/201712:24:05Amended Statement of Ownership (sc 13g/a)
02/07/201709:16:00Textron Systems to Provide Support Services for Afghan Air Force
02/02/201711:18:25Statement of Changes in Beneficial Ownership (4)
02/02/201708:30:00Textron Inc. Commences Tender Offer for Acquisition of Arctic...
01/27/201706:05:41Amended Statement of Ownership (sc 13g/a)
01/27/201703:59:00Airbus Helicopter Deliveries Up Over 5% in 2016's Tough Market
01/25/201706:37:59Current Report Filing (8-k)
01/25/201706:32:00Arctic Cat Announces Agreement to Be Acquired by Textron in $247...
01/25/201706:30:00Textron Reports Fourth Quarter 2016 Results; Enters Agreement...
01/11/201712:18:00Textron Systems Begins On-Water Testing for Common Unmanned Surface...
01/10/201710:07:00New iCommand® 2.5 Delivers Improved Performance and Scalability
01/09/201710:26:00Textron Systems Support Solutions Awarded $206 Million for Shadow®...
01/09/201704:30:00Arijit Ghosh Appointed President and Managing Director of Textron...
01/04/201715:15:38Statement of Changes in Beneficial Ownership (4)

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