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Northrop Grumman: Ronald D. Sugar to retire, Wesley G. Bush new CEO

Staff writer |
Los Angeles, Ca., USA - September 17, 2009, Los Angeles, Ca., USA - Ronald D. Sugar, chairman and CEO of Northrop Grumman Corporation, a global security company, will retire from the company. The company has elected Wesley G. Bush to the position of CEO and president, effective January 1, 2010.

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Mr. Sugar joined Northrop Grumman following its acquisition of Litton Industries and previously held executive positions at TRW Inc. During his tenure as CEO, Northrop Grumman effectively integrated multiple acquired companies as it developed systems and technologies critical to the nation's security. Northrop Grumman expanded sales from $26 billion to nearly $35 billion to become the nation's second largest defense company by revenue. During this time, Northrop Grumman also strengthened its balance sheet to achieve the highest credit rating in the company's history.

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