LOS ANGELES, June 19, 2006 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) today announced the appointment of three new vice presidents in its corporate organization: Ronald Smith as vice president of corporate competitive excellence; Susan L. Cote as vice president of corporate contracts and pricing; and Mark A. Rabinowitz as vice president and assistant treasurer.
These appointments are effective immediately. Smith and Cote will report to Wes Bush, Northrop Grumman's president and chief financial officer. Rabinowitz will report to James L. Sanford, corporate vice president and treasurer.
"These important appointments fill critical leadership roles in the corporate office for Northrop Grumman," said Bush. "The expertise and experience of each of these executives will contribute toward our commitment to increase the company's competitiveness, performance and growth."
In his new position, Ron Smith will lead the company's continuing effort to drive process improvement and enhance performance across the corporation. He was most recently vice president of Six Sigma for Northrop Grumman's Space Technology sector.
Smith joined Northrop Grumman Space Technology in 1982 and has served as director of electrical processes and products in engineering as well as several other technical and managerial positions related to the development of electrical communications hardware for satellite systems. He earned a bachelor's degree in electronic engineering from California Polytechnic State University, San Luis Obispo, with post-baccalaureate studies at California State University, Long Beach.
Susan L. Cote, in her new role, is responsible for maintaining an effective risk-review process, providing corporate-wide policy, direction, training and oversight of contracts and pricing matters and ensuring that all of the company's sectors meet acceptable performance standards in these areas. She most recently served as vice president of contracts, pricing and program business management for Northrop Grumman Space Technology.
Cote joined the company more than 15 years ago in the contracts department of the Defense Support Program. She has worked on NASA, U.S. Air Force, commercial and classified satellite programs. Prior to joining Northrop Grumman, Cote held various contracting positions within the Air Force. She holds a bachelor's degree in political science from Principia College in Illinois, and a master's degree in public administration from the University of Arizona.
Mark Rabinowitz, in his new role as corporate vice president and assistant treasurer, will be responsible for the development and implementation of Northrop Grumman's capital deployment strategy including the execution phase of merger, acquisition and divestiture transactions as well as capital deployment analysis and recommendations to address credit profile, dividends and share-repurchase activities. He is also responsible for the company's banking relationships and management of the company's borrowing, investing and its public debt. He has been corporate director and assistant treasurer of banking and capital markets since 2003.
Rabinowitz joined Northrop Grumman in 1982, and previously served as director of contracts and pricing at the Airborne Ground Surveillance and Battle Management Systems business area of the company's Integrated Systems sector in Melbourne, Fla. He earned a bachelor's degree in economics and government from Cornell University, and attended the Program for Management Development at Harvard Business School.
Northrop Grumman Corporation is a global defense company headquartered in Los Angeles, Calif. Northrop Grumman provides technologically advanced, innovative products, services and solutions in systems integration, defense electronics, information technology, advanced aircraft, shipbuilding and space technology. With approximately 125,000 employees and operations in all 50 states and 25 countries, Northrop Grumman serves U.S. and international military, government and commercial customers.
CONTACT: Dan McClain (310) 201-3335