Lockheed Martin begins searching for a new CFO after Possenriede resigns Reuters

© Reuters. File photo: File photo: The Lockheed Martin logo appeared on October 23, 2018 at Euronaval, the World Naval Defense Exhibition held in Le Bourget, near Paris, France. REUTERS/Benoit Tessier/File Photo

(Reuters)-Security and Aerospace Corporation Lockheed Martin Corp (NYSE:) said on Tuesday that it is looking for a new chief financial officer after Kenneth Possenriede resigned for personal reasons.

The company said it has appointed vice president and chief financial officer John Mollard as acting chief financial officer, effective immediately.

The company said in a statement that Morad had held multiple positions in the finance and business operations departments during his nearly four years of work at Lockheed Martin.

The unexpected departure of Possenriede, who joined the company in February 2019, took place before Lockheed Martin’s virtual investor event scheduled for August 5.

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