New CFO For Textron Also Named

Following a 6 week labor negotiation that resulted in a new contract with its primary helicopter manufacturing union in Texas, Textron has announced a change at the top of Bell Helicopter.

CNBC is reporting that Textron has named John L. Garrison Jr. as the new Chief Executive at Bell. Current CEO Richard Millman is retiring August 1st.

This will be Garrison's first aviation position with Textron, having served as president of the Industrial segment of the business for nearly two years. He's credited with leading process improvements and significant product launches in that division, which includes E-Z-Go Golf Carts and Jacobsen turf-maintenance equipment vehicles.

Bell 206 File Photo

Textron also announced that Frank T. Connor will be the new Chief Financial Officer. Connor is a former executive at Goldman Sachs, where he was the managing director in charge of telecom investment banking, according to CNBC.

Along with Bell, Textron is the parent for Cessna Aircraft and other companies.

FMI: www.bellhelicopter.com