Business
Leonardo DRS Announces Board and CEO Transition
William J. Lynn to retire as Chairman and Chief Executive Officer John Baylouny named President & Chief Executive Officer and member of the Board of
About this update from Leonardo Drs, Inc.
William J. Lynn to retire as Chairman and Chief Executive Officer John Baylouny named President & Chief Executive Officer and member of the Board of Directors Frances Fragos Townsend named Chair of the Board of Directors All changes effective January 1, 2026 ARLINGTON, Va.--(BUSINESS WIRE)-- Leonardo DRS, Inc. (Nasdaq: DRS) announced today that William J. (Bill) Lynn will retire as Chairman and Chief Executive Officer after fourteen years of leading the company. The Board of Directors has unanimously named John Baylouny as President & Chief Executive Officer and a member of the Board. Additionally, the Board of Directors has unanimously elected Frances (Fran) Fragos Townsend as Board Chair. All changes are effective January 1, 2026. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251029981850/en/Bill Lynn Bill Lynn was named CEO of Leonardo DRS in 2012 and during his tenure transformed the company into a modern, technology-driven organization. Under his leadership, the company followed a strategy focused on building differentiated positions across four core markets: advanced sensing, network computing, force protection and electric power and propulsion technologies. That strategic focus led to marquee wins in all four markets, including the propulsion content on the Columbia Class submarine and premier counter-UAS and short-range air defense positions, as well as numerous other contract awards that have enabled durable growth. He also led the acquisition of RADA, a move that added market-leading tactical radars to the company’s portfolio and returned Leonardo DRS to the public markets in 2022. Since the company’s return to the public markets, Leonardo DRS has consistently delivered growing backlog, revenue and profit. “The company has undergone tremendous transformation under Bill’s leadership and vision. The Board is deeply grateful to Bill for his immense impact on the business and wishes him well in retirement,” said Fran Townsend, lead independent director. “The Board of Directors has a strong focus on succession planning, and John’s election as our incoming President & CEO represents a seamless leadership transition.” “It has been a profound honor to lead this company and work alongside such a talented and committed team, united in our mission to support the men and women of our armed force...
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