One of the architects behind the merger with UTC calls it a career
By Ross Wilkers
Apr 26, 2021
One of the main architects behind the merger to create Raytheon Technologies plans to retire following the one-year anniversary of that deal, the company said Monday.
Tom Kennedy, executive chairman of the board of directors, will step down from the role on June 1 and be succeeded by CEO Greg Hayes.
Kennedy led Raytheon as CEO in the six years prior to the April 2020 merger of that company with United Technologies Corp. His career at Raytheon spanned 38 years in total.
About the Author Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at rwilkers@washingtontechnology.com. Follow him on Twitter: @rosswilkers. Also connect with him on LinkedIn.
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Thomas A. Kennedy, the chairman of Raytheon Technologies Corp. and a key player in the formation of the company one year ago, will retire June 1, company officials announced Monday, clearing the way for CEO Gregory Hayes to step into the role.
Kennedy, a 38-veteran of the former Raytheon Co. defense business, has served as chairman since April 2020, when Raytheon Co. and United Technologies Corp., then based in Farmington, formally consolidated operations under the banner of Raytheon Technologies Corp.
“It has been my honor to lead this organization and our exemplary employees around the world,” Kennedy said in a statement. “I have enjoyed the partnership with Greg and his talented management team, and I m confident the company will continue to deliver on redefining the future of aerospace and defense.”