MCLEAN, Va., Feb. 14, 2007 (PRIME NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) has named Bernard P. McVey sector vice president of business management and chief financial officer within the company's Information Technology (IT) sector. McVey reports to James R. O'Neill, corporate vice president and IT sector president.
As vice president of business management, McVey will lead all aspects of the business management organization's strategy. As chief financial officer for the sector, his responsibilities will encompass contracting, pricing, procurement, resources planning, facilities, and financial reporting and forecasting. He will also play an instrumental role in supporting new business initiatives.
"Bernie's strong background in business growth coupled with his extensive contracting expertise will serve us well," said O'Neill. "His leadership is a tremendous asset to our sector and will help position our business for the future."
McVey has held a variety of leadership positions within the company, most recently serving as vice president and controller of Northrop Grumman IT sector, responsible for oversight of internal controls, Sarbanes-Oxley compliance, and financial planning, reporting and budgeting.
McVey previously served as vice president and business manager for Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance and Naval Systems for the company's Electronic Systems sector.
McVey earned both a bachelor's and a master's degree from Loyola College, Baltimore.
Northrop Grumman Corporation is a $30 billion global defense and technology company whose 120,000 employees provide innovative systems, products, and solutions in information and services, electronics, aerospace and shipbuilding to government and commercial customers worldwide.
CONTACT: Juli Ballesteros, APR Northrop Grumman Information Technology (703) 556-2736 firstname.lastname@example.org