WALTHAM, Mass., Dec. 17, 2014 /PRNewswire/ -- Raytheon Company
(NYSE: RTN) announced today that Jay B.
Stephens, Senior Vice President, General Counsel and
Corporate Secretary of Raytheon, has advised the Company of his
intention to retire at the end of March 2015. For more than
twelve years, Stephens has served as Senior Vice President and
General Counsel of Raytheon and for the past eight years has also
served as Corporate Secretary of the Company.
"Jay's leadership has had a tremendous impact on Raytheon and
contributed significantly to our success over the past twelve
years," noted Thomas A. Kennedy,
Raytheon Chairman and CEO. "He has been instrumental in supporting
our global business strategy, successfully managing the Company's
risk profile, fostering a culture of compliance and business
integrity, and building a collaborative team of professional
business partners."
In advising the Company of his plans to retire, Stephens noted,
"During the past twelve years, I have been honored to lead a great
team of dedicated professionals, to contribute to the success of
our customers, employees, shareholders and business partners, and
to serve the critical mission of protecting the national security
of America and its allies."
Before joining Raytheon, Stephens served in a number of
positions in both the public and private sectors. He served
as Associate Attorney General of the
United States, Deputy General Counsel of Honeywell
International, United States
Attorney for the District of
Columbia, Deputy Counsel to the President of the United States, and as a partner in the
Washington office of a national
law firm, among other roles. He currently serves on the
boards of a number of non-profit educational and professional
organizations. Earlier this year, Stephens was named one of
America's top fifty general counsels by the National Law
Journal.
Stephens is widely recognized as a strong business partner
who has built a team of talented, engaged professionals who
champion the Company's efforts to achieve a reputation for sound
corporate governance, corporate responsibility, and regulatory
compliance practices.
"Jay Stephens has been a key
partner in the successful work of our Board, and he has
consistently contributed sound counsel and good judgment," said
Vern Clark, Lead Director of
Raytheon's Board of Directors. "The integrity and credibility
of his leadership have been a catalyst in shaping Raytheon's
reputation for exceptional corporate governance and sound business
practices."
The Company advised today that it is in the process of reviewing
potential internal and external successor general counsel
candidates, and expects to name a new Vice President and General
Counsel sometime early next year. Stephens will assist with
the transition of the Company's new General Counsel, and will
continue to serve as Senior Vice President and Corporate Secretary
until his retirement from the Company.
About Raytheon
Raytheon Company, with 2013 sales of $24
billion and 63,000 employees worldwide, is a technology and
innovation leader specializing in defense, security and civil
markets throughout the world. With a history of innovation spanning
92 years, Raytheon provides state-of-the-art electronics, mission
systems integration and other capabilities in the areas of sensing;
effects; and command, control, communications and intelligence
systems, as well as cyber security and a broad range of mission
support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit
us at www.raytheon.com and follow us on Twitter @Raytheon.
Media Contact
Raytheon Company
Pam Erickson
+1.781.522.5822
corporatepr@raytheon.com
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SOURCE Raytheon Company