BETHESDA, Md., June 1, 2021 /PRNewswire/ -- Lockheed Martin
Corporation [NYSE: LMT] today announced its board of directors has
elected Patricia E. Yarrington to
the board. Following 38 years of service, Yarrington recently
retired as Chevron Corporation's chief financial officer. The board
determined that Yarrington is an "independent director" in
accordance with the New York Stock Exchange listing standards, the
rules and regulations of the Securities and Exchange Commission
(SEC) and the corporation's corporate governance guidelines, and
that she meets the SEC's criteria of an "audit committee financial
expert." Yarrington will serve on the corporation's Audit Committee
and Management Development and Compensation Committee.
"Pat brings a wealth of expertise to the board, having served at
the highest levels of a leading global company guiding financial
strategy and capital allocation," said James Taiclet, chairman, president and CEO of
Lockheed Martin. "Her insight will be a tremendous asset as we
continue to pioneer advances in the innovative technologies that
will deter the threats of the 21st century, while creating new
value for shareholders and customers."
At Chevron, Yarrington served as vice president and treasurer
from 2007 through 2008, vice president, Policy, Government and
Public Affairs from 2002 to 2007 and vice president, Strategic
Planning from 2000 to 2002. Previously, she served on the boards of
directors of Chevron Phillips Chemical Company LLC (a 50-50 joint
venture with Phillips 66) and the Federal Reserve Bank of
San Francisco, serving as the
chairman of the Bank's board between 2013-2014.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin
Corporation is a global security and aerospace company that employs
approximately 114,000 people worldwide and is principally engaged
in the research, design, development, manufacture, integration and
sustainment of advanced technology systems, products and
services.
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announcements and news across the corporation.
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SOURCE Lockheed Martin