Kimberly Ross and Mary Winston Join Northrop Grumman Board of Directors

Rhea-AI Summary

Northrop Grumman Corporation (NYSE: NOC) has appointed Kimberly A. Ross and Mary A. Winston to its board of directors as of March 15, 2023. Kathy Warden, CEO and chair, expressed enthusiasm for their addition, highlighting their robust executive backgrounds and potential impact on the company’s growth strategy. Ross has held significant financial leadership roles at WeWork and Baker Hughes, while Winston has experience as a financial consultant and previously served as interim CEO of Bed Bath & Beyond. These appointments bring valuable governance expertise to Northrop Grumman, a leader in aerospace and defense technology.

Positive

• Addition of two seasoned executives to the board could enhance strategic oversight.
• Kimberly A. Ross and Mary A. Winston bring diverse financial expertise, potentially benefiting growth and governance.

Negative

• Potential discontinuity in leadership styles given new board compositions.

FALLS CHURCH, Va., March 15, 2023 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) has elected Kimberly A. Ross and Mary A. Winston to its board of directors.

“Kimberly and Mary are proven global business leaders, and we’re thrilled to have them join our board,” said Kathy Warden, chair, chief executive officer and president, Northrop Grumman. “Their deep experience, serving in senior executive leadership and board roles with large public companies, will be valuable as we continue to position our company for near and long-term global growth.”

Ross was chief financial officer of WeWork in 2020 and chief financial officer of Baker Hughes Company from 2014 to 2017. Prior to this, she was executive vice president and chief financial officer of Avon Products, Inc. from 2011 to 2014, and executive vice president and chief financial officer of Royal Ahold N.V. from 2007 to 2011.

Winston is president and founder of WinsCo Enterprises, a financial and board governance consulting firm. She was interim chief executive officer of Bed Bath & Beyond in 2019. Previously, she was executive vice president and chief financial officer of Family Dollar Stores from 2012 to 2015, senior vice president and chief financial officer of Giant Eagle from 2008 to 2012, and executive vice president and chief financial officer of Scholastic Corporation from 2004 to 2007.

Northrop Grumman is a leading global aerospace and defense technology company. Our pioneering solutions equip our customers with the capabilities they need to connect and protect the world, and push the boundaries of human exploration across the universe. Driven by a shared purpose to solve our customers’ toughest problems, our 95,000 employees define possible every day.

Contact:	Vic Beck
	703-280-4456
	vic.beck@ngc.com

FAQ

Who are the new board members appointed by Northrop Grumman on March 15, 2023?

Northrop Grumman appointed Kimberly A. Ross and Mary A. Winston to its board of directors.

What is the professional background of Kimberly A. Ross?

Kimberly A. Ross has served as CFO for WeWork and Baker Hughes, with prior roles at Avon and Royal Ahold.

What roles has Mary A. Winston held before joining Northrop Grumman's board?

Mary A. Winston is the founder of WinsCo Enterprises and was interim CEO of Bed Bath & Beyond, with past CFO roles at Family Dollar and Giant Eagle.

How might the new board appointments impact Northrop Grumman's growth?

The appointments are expected to enhance governance and strategic oversight, positioning Northrop Grumman for growth.