Raytheon Appoints Thomas Kennedy As Chairman - Quick Facts

(RTTNews) - Raytheon Co. (RTN) said Monday that it has appointed Thomas Kennedy, age 59, as Chairman of the Board of Company effective October 1, 2014. It follows notice to the Board by William Swanson, Raytheon's current Chairman of the Board, of his retirement from the Company effective September 30, 2014.

Swanson has served as Chairman of the Board since January 2004. He joined Raytheon Company in 1972 and has served in a wide range of leadership positions, including as the Company's Chief Executive Officer from July 2003 to March 2014.

Kennedy succeeded Swanson as Chief Executive Officer of Raytheon Company in March 2014. Kennedy previously served as executive vice president and chief operating officer of Raytheon from April 2013 to March 2014, and as vice president of Raytheon Company and president of Raytheon Integrated Defense Systems (IDS), one of the Company's four operating businesses. He was elected a Director of the Company in January 2014. He has worked for Raytheon in a number of positions with increasing responsibility for more than 31 years.