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Raytheon announces new CEO and Board of Directors member

Raytheon Co. announced that its Board of Directors has elected Dr. Thomas A. Kennedy, age 58, to serve as the chief executive officer of Raytheon Co., effective March 31, 2014. Dr. Kennedy will succeed William H. Swanson, who has served as the CEO of Raytheon Co.since 2003, and who advised the board of his intention to step down from his position as CEO in March, following his 65th birthday next month.


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Hittite announces succession plan

The board of directors of Hittite Microwave Corp. announced Stephen G. Daly plans to step down as the company's chairman, president and chief executive officer at the end of the month. The board named Rick D. Hess as the company's next president and chief executive officer. The board also announced Franklin Weigold was named non-executive chairman of the board.


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