Incoming Lockheed Martin CEO Resigns After Ethics Investigation

Investigation revealed Christopher E. Kubasik, slated to become Lockheed's CEO in January, had a "close personal relationship" with a subordinate employee, Lockheed announced.

The incoming CEO of Bethesda-based defense giant Lockheed Martin resigned Friday after an ethics investigation revealed he had a "close personal relationship" with a subordinate employee, according to news reports.

Lockheed Martin announced the resignation of Christopher E. Kubasik, the company's vice-chairman, president and COO.

The announcement came the same day that President Obama accepted the resignation of Gen. David Petraeus from his position as director of the Central Intelligence Agency—also reportedly due to personal indiscretions.

According to Petraeus' resignation letter, he quit because he had engaged in an extramarital affair, NBC News reported.

At Lockheed Martin, Kubasik was slated to become the company's CEO in January.

“While I am deeply disappointed and saddened by Chris’ actions, which have been inconsistent with our values and standards, our swift response to his improper conduct demonstrates our unyielding commitment to holding every employee accountable for their actions,” said Robert J. Stevens, Lockheed Martin chairman and CEO, in a statement.

President and COO Marillyn Hewson, 58, will take Kubasik's place as CEO Jan. 1, according to the statement.

Bill Hussein O'Stalin November 12, 2012 at 02:34 PM
Like most liberals Frank is limited. With a few keystrokes he can find this information anywhere because it was testimony to a federal grand jury.
Bill Hussein O'Stalin November 12, 2012 at 02:34 PM
Facts are facts no matter where they come from.
Corbin Dallas Multipass November 12, 2012 at 02:46 PM
Looks like my order of meatballs with a side of copypasta came in.
JenAkers November 30, 2012 at 09:04 PM
I'm with RobertS, and jag's comments are typical troll material. Dishonesty is as dishonesty does. Clinton is a charming cad but he wasn't impeached b/c of what he did with the cigar to Ms. Lewinsky or the sexual services he received from her in the Oval Office, but for LYING about it. No president is above the law. Just ask Nixon. Clinton will get his due in the history books, the good, the bad, and the ugly.
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