Kenneth Possenriede will be replacing Bruce Tanner who is set to retire in mid-2019.

U.S. defense contractor Lockheed Martin Corp has announced, Kenneth Possenriede will be replacing Bruce Tanner as its chief financial officer.

Tanner is likely to retire in mid-2019 while Possenriede is expected to assume his new role on February 11, said Lockheed Martin Corp.

Possenriede is currently Lockheed Martin Corp’s vice president of finance and program management at Lockheed Martin’s aeronautics business.

Before this, Possenriede was Lockheed Martin’s vice president and treasurer between 2011 and 2016, and headed its worldwide banking activity.

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