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Posted 26 April, 2021

RAYTHEON TECHNOLOGIES CORP appointed new CEO

CEO Change detected for ticker NYSE:RTX in a 8-K filed on 26 April, 2021.


  On April 26, 2021, Raytheon Technologies Corporation (the "Company") announced that Thomas A. Kennedy, Executive Chairman of the Board of Directors (the "Board"), will retire as Executive Chairman and as a director of the Company effective June 1, 2021. Effective June 1, 2021, and consistent with the governance arrangements agreed to at the time of the merger of United Technologies Corporation and Raytheon Company, Gregory J. Hayes will become Chairman of the Board, in addition to his role as President and Chief Executive Officer of the Company.  

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Overview of RAYTHEON TECHNOLOGIES CORP
Industrial Goods • Aerospace Products/Parts
RTX Corp. is an aerospace and defense company, which engages in the provision of aerospace and defense systems and services for commercial, military, and government customers. It operates through the following segments: Collins Aerospace Systems (Collins), Pratt and Whitney, Raytheon Intelligence and Space (RIS), and Raytheon Missiles and Defense (RMD). The Collins segment manufactures and sells aero structures, avionics, interiors, mechanical systems, mission systems, and power controls. The Pratt and Whitney segment includes the design and manufacture of aircraft engines and auxiliary power systems for commercial, military, and business aircraft. The RIS segment is involved in the development of sensors, training, and cyber and software solutions. The RMD segment offers end-to-end solutions to detect, track, and engage threats. The company was founded in 1922 and is headquartered in Arlington, VA.
Market Cap
$120B
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RAYTHEON TECHNOLOGIES CORP by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On April 26, 2021, Raytheon Technologies Corporation (the "Company") announced that Thomas A. Kennedy, Executive Chairman of the Board of Directors (the "Board"), will retire as Executive Chairman and as a director of the Company effective June 1, 2021. Effective June 1, 2021, and consistent with the governance arrangements agreed to at the time of the merger of United Technologies Corporation and Raytheon Company, Gregory J. Hayes will become Chairman of the Board, in addition to his role as President and Chief Executive Officer of the Company.


A copy of the Company's press release announcing Mr. Kennedy's retirement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.