PHOTO RELEASE — Huntington Ingalls Industries Announces Two Senior Executive Team Organizational Changes
December 18 2020 - 4:15PM
Huntington Ingalls Industries announced today that Christopher D.
Kastner, executive vice president and HII’s chief financial
officer, has been promoted to a new position of executive vice
president and chief operating officer. Additionally, Thomas E.
Stiehle, vice president and HII’s Ingalls Shipbuilding division
CFO, has been promoted to executive vice president and CFO and will
replace Kastner. Both Kastner and Stiehle will report directly to
HII President and CEO Mike Petters. The changes are effective Feb.
12, 2021.
“These changes are being made to signal our continued and strong
commitment to performance and execution, to better reflect the
business dynamics associated with our historic $45 billion backlog,
and in recognition of the importance of the Navy’s new long-range
shipbuilding plan,” Petters said. “Chris brings a deep
understanding of our business that will enable him to make positive
impacts immediately. Tom is the right addition to our senior
executive team with a strong financial background that will create
value for all of our constituents including our customers and
shareholders.”
In Kastner’s new role, he will oversee the company’s three
operating divisions and will work closely with the division
presidents to drive execution on HII’s historic backlog. Prior to
his current position, Kastner served as HII’s corporate vice
president and general manager, Corporate Development, and was
responsible for strategy and development activities. Before then he
served as vice president and CFO for Ingalls Shipbuilding; as vice
president, business management, and CFO for Northrop Grumman
Shipbuilding-Gulf Coast; and as vice president, contracts and risk
management, for Northrop Grumman Ship Systems. Kastner has a
bachelor’s degree in political science from the University of
California at Santa Barbara and an MBA from Pepperdine
University.
In Stiehle’s new role, he will be responsible for directing
HII’s corporate strategy and processes in support of business
growth and profitability goals. He will also have responsibility
for corporate business management functions, including investor
relations, treasury, internal audit, contracts, accounting,
financial reporting, planning and analysis, rates and budgets, and
mergers and acquisition. Prior to his current role, he served as
vice president, Contracts and Pricing, for Ingalls and was
responsible for estimating, pricing, contract negotiations and
administration. Prior to joining HII in 2011, Stiehle worked for
Northrop Grumman, Aerospace Sector, for 24 years. Stiehle received
a bachelor’s degree in mechanical engineering from Hofstra
University. He also earned an MBA from Adelphi University and a
master’s in acquisition and contract management from Florida
Institute of Technology.
Photos accompanying this release are available at:
https://newsroom.huntingtoningalls.com/releases/kastner-stiehle-senior-leadership.
Huntington Ingalls Industries is America’s largest military
shipbuilding company and a provider of professional services to
partners in government and industry. For more than a century, HII’s
Newport News and Ingalls shipbuilding divisions in Virginia and
Mississippi have built more ships in more ship classes than any
other U.S. naval shipbuilder. HII’s Technical Solutions division
supports national security missions around the globe with unmanned
systems, defense and federal solutions, and nuclear and
environmental services. Headquartered in Newport News, Virginia,
HII employs more than 42,000 people operating both domestically and
internationally. For more information, visit:
- HII on the web: www.huntingtoningalls.com
- HII on Facebook:
www.facebook.com/HuntingtonIngallsIndustries
- HII on Twitter: www.twitter.com/hiindustries
- HII on YouTube: www.youtube.com/huntingtoningalls
- HII on Instagram: www.instagram.com/huntingtoningalls
Statements in this release, other than statements of historical
fact, constitute “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve risks and uncertainties that
could cause our actual results to differ materially from those
expressed in these statements. Factors that may cause such
differences include: changes in government and customer priorities
and requirements (including government budgetary constraints,
shifts in defense spending, and changes in customer short-range and
long-range plans); our ability to estimate our future contract
costs and perform our contracts effectively; changes in procurement
processes and government regulations and our ability to comply with
such requirements; our ability to deliver our products and services
at an affordable life cycle cost and compete within our markets;
natural and environmental disasters and political instability; our
ability to execute our strategic plan, including with respect to
share repurchases, dividends, capital expenditures and strategic
acquisitions; adverse economic conditions in the United States and
globally; health epidemics, pandemics and similar outbreaks,
including the COVID-19 pandemic; changes in key estimates and
assumptions regarding our pension and retiree health care costs;
security threats, including cyber security threats, and related
disruptions; and other risk factors discussed in our filings with
the U.S. Securities and Exchange Commission. There may be other
risks and uncertainties that we are unable to predict at this time
or that we currently do not expect to have a material adverse
effect on our business, and we undertake no obligation to update
any forward-looking statements. You should not place undue reliance
on any forward-looking statements that we may make. This release
also contains non-GAAP financial measures and includes a GAAP
reconciliation of these financial measures. Non-GAAP financial
measures should not be construed as being more important than
comparable GAAP measures.
Contact: Beci BrentonBeci.Brenton@hii-co.com(202) 264-7143
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