CHICAGO, Sept 23 (Reuters) - Textron Inc, the world's largest maker of corporate jets, said on Wednesday that Chief Executive Lewis Campbell will retire in December.
The company said it appointed Scott Donnelly, Textron's 47-year-old president and chief operating officer to replace Campbell, who will remain as non-executive chairman of the board until no later than the company's annual meeting in 2011.
Campbell, 63, had served as CEO of the maker of Cessna and Citation jets, Bell helicopters, EZ-Go golf carts and military vehicles for 11 of his 17 years with the company.
Donnelly, a former General Electric executive, joined Textron in June 2008 and spearheaded the company's restructuring initiatives as it grappled with a sharp downturn in demand for its business jets.
(Reporting by James B. Kelleher; Editing by Steve Orlofsky) Keywords: TEXTRON/CEO (james.kelleher@thomsonreuters.com ; +1 312 408 8130; Reuters Messaging: james.kelleher.reuters.com@reuters.net ) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The company said it appointed Scott Donnelly, Textron's 47-year-old president and chief operating officer to replace Campbell, who will remain as non-executive chairman of the board until no later than the company's annual meeting in 2011.
Campbell, 63, had served as CEO of the maker of Cessna and Citation jets, Bell helicopters, EZ-Go golf carts and military vehicles for 11 of his 17 years with the company.
Donnelly, a former General Electric executive, joined Textron in June 2008 and spearheaded the company's restructuring initiatives as it grappled with a sharp downturn in demand for its business jets.
(Reporting by James B. Kelleher; Editing by Steve Orlofsky) Keywords: TEXTRON/CEO (james.kelleher@thomsonreuters.com ; +1 312 408 8130; Reuters Messaging: james.kelleher.reuters.com@reuters.net ) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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