General Dynamics Elects Robert K. Steel to Board of Directors

Rhea-AI Summary

General Dynamics (GD) has appointed Robert K. Steel to its board of directors, effective February 3, 2021. Steel, a partner at Perella Weinberg Partners, has extensive experience in finance and government, previously serving as CEO of Wachovia Corporation and deputy mayor of New York City. His appointment is expected to enhance GD's sustainability initiatives. With over $37.9 billion in revenue in 2020, General Dynamics remains a key player in aerospace and defense, employing more than 100,000 people globally.

Positive

• Robert K. Steel brings extensive experience in finance and government, potentially strengthening decision-making.
• Steel's commitment to sustainability may enhance General Dynamics' sustainability initiatives.

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• None.

RESTON, Va., Feb. 3, 2021 /PRNewswire/ --  The board of directors of General Dynamics (NYSE: GD) has elected Robert K. Steel to be a director of the corporation, effective February 3. He has been appointed to serve on the Finance and Benefit Plans Committee.

Steel, 69, is a partner at Perella Weinberg Partners, a global financial services firm. His previous positions include New York City's deputy mayor for Economic Development, CEO and president of Wachovia Corporation and undersecretary of the U.S. Treasury for Domestic Finance. Steel spent nearly 30 years at Goldman Sachs, rising to head of its Global Equities division and vice chairman of the firm.

"Bob has a deep background in both finance and government service that will be an asset to our board," said Phebe N. Novakovic, chairman and chief executive officer of General Dynamics. "Bob's demonstrated commitment to sustainability will also enrich our sustainability initiatives."

Steel is a graduate of Duke University and the University of Chicago's Booth School of Business. He serves on several non-profit boards including as chair of the Sustainable Accounting Standards Board Foundation and as a trustee of the Economic Club of New York and the Aspen Institute.

Headquartered in Reston, Virginia, 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 $­­­37.9 billion in revenue in 2020. More information is available at www.gd.com.

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SOURCE General Dynamics

FAQ

Who is the newly appointed director of General Dynamics?

Robert K. Steel has been appointed as a director of General Dynamics, effective February 3, 2021.

What committees will Robert K. Steel serve on at General Dynamics?

Robert K. Steel will serve on the Finance and Benefit Plans Committee.

What is Robert K. Steel's background?

Steel has held various key roles including CEO of Wachovia Corporation and deputy mayor for Economic Development in New York City.

When was Robert K. Steel elected to the General Dynamics board?

Robert K. Steel was elected to the General Dynamics board on February 3, 2021.

What was General Dynamics' revenue in 2020?

General Dynamics generated $37.9 billion in revenue in 2020.