Robert J. Stevens

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For other people of the same name, see Robert Stevens.
Robert J. Stevens
Born 1951
McKeesport, Pennsylvania, U.S.
Alma mater Slippery Rock University
Polytechnic University of New York
Columbia Business School
Occupation Executive Chairman of Lockheed Martin

Robert J. Stevens (born 1951), is the Executive Chairman of Lockheed Martin. He was the Chairman and Chief Executive Officer (CEO) of Lockheed Martin until January 1, 2013 when Marillyn Hewson became CEO and President.

Early life[edit]

Born in McKeesport, Pennsylvania, Stevens is a summa cum laude graduate of Slippery Rock University from which he received the Distinguished Alumni Award. He earned a master's degree in engineering and management from the Polytechnic University of New York and, with a Fairchild Fellowship, earned a master's degree in business administration from Columbia Business School in 1987.[1] He is a graduate of the Department of Defense Systems Management College Program Management course and also served in the United States Marine Corps. He has been recognized by the National Management Association as Executive of the Year, by Government Computer News as the Industry Executive of the Year, by the Partnership for Public Service with the Private Sector Council Leadership Award, and by the Marine Corps Scholarship Foundation with the Globe and Anchor Award.

Career[edit]

Stevens serves as Executive Chairman of Lockheed Martin. He has held a variety of increasingly responsible executive positions with the Corporation, including President and Chief Operating Officer, Chief Financial Officer, and head of Strategic Planning through a career that has included experience in program management, finance, manufacturing, and operations.

Stevens is a Fellow of the American Astronautical Society, the American Institute of Aeronautics and Astronautics, the Royal Aeronautical Society, and the International Academy of Astronautics. He serves on the International Advisory Boards of the Atlantic Council and the British-American Business Council and serves as a member of the Aerospace Industries Association’s Board of Governors. He is a member of the Council on Foreign Relations, is Lead Director of the Monsanto Company, and a member of the Board of Directors of the Congressional Medal of Honor Foundation. Stevens also served on President Bush's Commission to Examine the Future of the United States Aerospace Industry.

In October 2000, Stevens became President and Chief Operating Officer when Louis R. Hughes resigned[2] after only six months.[3] During 2001 and 2002, Stevens served on President Bush’s Commission on the Future of the United States Aerospace Industry. On August 5, 2004, he was elected Chief Executive Officer of Lockheed Martin by its board of directors, succeeding Vance Coffman. In 2004, he was recognized by the National Management Association as Executive of the Year. He was elected Chairman on April 28, 2005, retaining his previous responsibilities as President and CEO.[4] He has held a variety of executive positions including Chief Operating Officer, Chief Financial Officer, and head of Strategic Planning.

While CEO of Lockheed Martin in 2008, Stevens earned a total compensation of $22,863,062, which included a base salary of $1,774,038, a cash bonus of $12,817,750, stocks granted of $2,992,360, options granted of $4,827,500, and other compensation of $451,414.[5] In 2009, Stevens earned a total compensation of $20,473,451, which included a base salary of $1,834,615, a cash bonus of $9,146,000, stocks granted of $2,558,120, options granted of $6,564,800, and other compensation of $369,916.[6]

In 2009, Stevens was considered one of "The TopGun CEOs" by Brendan Wood International, an advisory agency.[7][8]

On April 26, 2012 it was announced that Robert J. Stevens would be retiring in December 2012 with then President and COO Chris Kubasik being promoted to CEO effective January 1, 2013.[9] However, in November 2012, an ethics violation forced Chris Kubasik to resign,[10] effectively making Marillyn Hewson (then Executive Vice President, Electronic Systems) the new President and COO immediately, with her taking the helm as CEO in January 2013. Bob Stevens was elected to remain as Executive Chairman through 2013.[11]

On December 14, 2012, Robert Stevens was awarded the 2012 Wright Brothers Memorial Trophy for his contributions to the Aerospace industry.[12]

References[edit]

External links[edit]

Business positions
Preceded by
Vance D. Coffman
Chief Executive Officer of Lockheed Martin
2004-2012
Succeeded by
Chris Kubasik
Preceded by
Louis R. Hughes
President of Lockheed Martin
2000-2010
Succeeded by
Chris Kubasik