BAE Systems, Inc. names Guy Montminy to lead its Finance team

Rhea-AI Summary

BAE Systems has appointed Guy Montminy as the new senior vice president for finance, effective Sept. 5, 2022. Montminy, who previously held this role from 2014 to 2016, will oversee the financial operations of BAE's U.S.-based businesses, which generated nearly $12.5 billion in sales in 2021 and employ over 34,000 people across the U.S., U.K., and Sweden. He succeeds Scott Howat, who is leaving the company for personal reasons. Montminy holds advanced degrees in accountancy and business administration.

Positive

• Montminy has extensive experience and a proven track record within BAE Systems.
• He previously led finance operations and is expected to maintain strong financial oversight.

Negative

• None.

FALLS CHURCH, Va.--(BUSINESS WIRE)-- BAE Systems, Inc. has named Guy Montminy as its senior vice president for finance, effective Sept. 5, 2022.

In his role, Montminy will be responsible for the financial operations of the company’s U.S.-based businesses, which employ more than 34,000 employees in the United States, United Kingdom, and Sweden, and generated 2021 sales of nearly $12.5 billion.

Montminy will report to BAE Systems, Inc. president and CEO Tom Arseneault, and serve as a member of the Inc. senior leadership team. This is a role he held previously, from 2014 to 2016.

“Guy is a proven, strong leader, both within our company and in our industry,” said Arseneault. “I look forward to continuing to benefit from his deep experience and strategic counsel as we continue to position the company for the future.”

Montminy returns from his current role where he served as an advisor on a wide range of company initiatives. Prior to his current role, he served as the sector president of the company’s Platforms and Services sector from 2018 to 2020. Prior to that, Montminy served in various executive leadership roles in finance, new business capture, operations, and divestitures and acquisitions.

Montminy succeeds Scott Howat, who has served as senior vice president for finance since 2016. Howat is leaving the company to spend more time with his family, and pursue his outside passions.

“I want to offer Scott my sincere thanks and gratitude for helping to lead the company over the past six years,” said Arseneault. “He leaves behind a strong record of financial stewardship of which to be proud.”

Montminy holds a master's degree in accountancy from Bentley College and a bachelor's degree in business administration from the University of Massachusetts. He is a graduate of BAE Systems’ Financial Leadership Development Program and served as the program's director.

Montminy is a former adjunct accounting and finance professor and served on the accounting academic advisory board of the University of New Hampshire's Peter T. Paul College of Business and Economics for over 10 years.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220831005548/en/

For more information, please contact:

Veronica Bonilla, BAE Systems

Mobile: 571-488-0456

veronica.bonilla@baesystems.com



www.baesystems.com/US

@BAESystemsInc

Source: BAE Systems

FAQ

Who is Guy Montminy and what is his role in BAE Systems?

Guy Montminy has been appointed as the senior vice president for finance at BAE Systems, effective Sept. 5, 2022.

What were BAE Systems' 2021 sales figures?

BAE Systems generated nearly $12.5 billion in sales in 2021.

Who did Guy Montminy succeed at BAE Systems?

Guy Montminy succeeded Scott Howat, who served as senior vice president for finance since 2016.

How many employees does BAE Systems have in the U.S.?

BAE Systems employs over 34,000 individuals in the United States.

What is the significance of Montminy's appointment at BAE Systems?

Montminy's appointment is significant as he brings a wealth of experience from his previous roles and is expected to enhance financial operations.