CEO and President to Assume Duties as Chairman October 1
Northrop Grumman
Corporation has announced that its board of directors has elected
Ronald D. Sugar, the company's chief executive officer and
president, as Northrop Grumman's next chairman of the board.
Sugar, 55, will become chairman, chief executive officer and
president. As previously announced, Kent Kresa, who has served as
chairman since 1990, will retire on that date. Kresa stepped
down in April 2003 as president and chief executive officer.
"I am honored to lead
one of the nation's most dynamic and effective boards," said Sugar.
"The Northrop Grumman board has taken bold steps in recent years,
assembling the essential capabilities and technologies to position
the company to contribute to our nation's highest priority 21st
Century defense and homeland security programs."
Sugar was elected president and chief operating officer of
Northrop Grumman in September 2001 and its chief executive officer
in April 2003. He has served as a member of the Northrop Grumman
board of directors since 2001.
Prior to joining Northrop Grumman in 2001, Sugar served as
president, chief operating officer and a member of the board of
directors of Litton Industries, a company acquired by Northrop
Grumman in April 2001. Previously, Sugar had been president and
chief operating officer of TRW Aerospace and Information Systems
and a member of the chief executive office of TRW Inc. In his
nearly 20 years with TRW, Sugar also served as that company's chief
financial officer and as executive vice president and general
manager of TRW's global automotive electronics business. Earlier,
he was vice president of TRW Space Communications Division and
played key roles in TRW's advanced military, scientific, and
commercial space and electronics programs.
Sugar previously held technical and management positions with
Hughes Aircraft Co., Argosystems Inc. and The Aerospace
Corporation. In 1968, Sugar graduated summa cum laude in electrical
engineering from the University of California at Los Angeles, where
he also received master's (1969) and doctoral degrees (1971) in the
same field. In 1996, he was honored by his alma mater as alumnus of
the year. He has completed executive education programs at Stanford
University, the Wharton School of the University of Pennsylvania
and Harvard University.