General Dynamics Appoints Aiken as Executive Vice President and CFO; Marzilli to Retire

Rhea-AI Summary

General Dynamics has appointed Jason Aiken as the new executive vice president of the Technologies segment effective January 1, 2023. Aiken, who will also continue as chief financial officer, takes over from Christopher Marzilli, who has announced his retirement after 40 years with the company. Phebe N. Novakovic, chairman and CEO, praised Marzilli’s contributions to the company's growth and expressed confidence in Aiken's leadership to continue meeting customer needs and driving future growth amidst a strong backlog.

Positive

• Aiken's promotion is expected to provide strong leadership continuity in the Technologies segment.
• Aiken has a proven track record as CFO since January 2014, which may positively influence investor confidence.

Negative

• Marzilli's retirement may raise concerns about continuity and experience gaps in leadership.

RESTON, Va., Dec. 19, 2022 /PRNewswire/ -- General Dynamics (NYSE: GD) announced today that it has appointed chief financial officer Jason Aiken as executive vice president of the Technologies segment effective January 1, 2023.  Aiken will retain his responsibilities as chief financial officer while expanding his leadership role. Christopher Marzilli, who has served as executive vice president of Technologies since 2019, has informed the company of his intent to retire in early 2023.

Phebe N. Novakovic, chairman and chief executive officer, said "Chris Marzilli has served General Dynamics with distinction for 40 years and contributed to the robust growth and profitability of the Technologies segment. We thank Chris for his many years of service to General Dynamics and we wish him well."

"Jason Aiken is a very capable, proven leader who is positioned to ensure that the Technologies segment continues to meet our customers' needs while delivering on its strong backlog and focusing on future growth," said Novakovic. 

Aiken has served as senior vice president and chief financial officer of the company since January 2014.

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $38.5 billion in revenue in 2021. More information about General Dynamics is available at www.gd.com.

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SOURCE General Dynamics

FAQ

Who is the new executive vice president of General Dynamics' Technologies segment?

Jason Aiken has been appointed as the new executive vice president of the Technologies segment.

When did Jason Aiken's new role as executive vice president take effect?

Jason Aiken's role as executive vice president took effect on January 1, 2023.

What position did Christopher Marzilli hold at General Dynamics?

Christopher Marzilli served as the executive vice president of the Technologies segment.

Why is Christopher Marzilli leaving General Dynamics?

Christopher Marzilli is retiring after 40 years of service with General Dynamics.

What impact might Jason Aiken's promotion have on General Dynamics?

Aiken's promotion may ensure continuity and strengthen leadership in the Technologies segment.