Raytheon has appointed a former Pratt & Whitney top executive to replace highly admired Raytheon Aircraft (RAC) chairman and CEO, Art Wegner, who after having helped grow RAC into a successful multi-billion dollar business, is set to retire next year.
The company says that former Pratt & Whitney Large Military Engines group president, Hansel Tookes, will initially fill the position of Raytheon Aircraft president and chief operating officer, reporting to Wegner, effective 27 September.
But in six months, Wegner will relinquish his title of CEO to Tookes, who becomes the Wichita, Kansas-based RAC chairman in approximately one year, when Wegner leaves.
Raytheon chairman and CEO, Daniel Burnham, says Wegner is remaining with Raytheon for the year to help lead a seamless transition.
"Art Wegner has done a tremendous job growing Raytheon Aircraft into a successful $2.6 billion business," says Burnham, adding: "Given his impressive track record, I am confident Hansel will work with Art to build on this momentum and make a significant contribution to the continuing prosperity of Raytheon Aircraft."
Burnham praises Wegner for having "earned a reputation in the aviation industry as one of its premier leaders, most recently evidenced by his transformation of Raytheon Aircraft into one of the most admired aviation companies".
Wegner, who also holds the title of Raytheon executive vice president, has been chairman and CEO of RAC since its inception in September 1994, having joined Raytheon Company in July 1993 as senior vice president and chairman and CEO of the former Raytheon subsidiary, Beech Aircraft Corporation.
Previously, he spent 20 years at United Technologies (UTC), serving as its Aerospace and Defense Sector executive vice president and president. He also served as the company's Pratt & Whitney division president.
Meanwhile, Wegner's replacement, Tookes, has been Pratt & Whitney's Large Military Engines group president, based in West Palm Beach, Florida since 1996.
However, Wegner has worked alongside Tookes in the past. Also an alum of UTC, Tookes joined the company in 1980 where he held increasingly responsible leadership positions at its Norden Systems and Hamilton Standard Division of the company, including Aircraft Products' executive vice president and Business Planning vice president.