Gregory J. Hayes to Serve
as Special Advisor
ARLINGTON, Va., Feb. 3, 2025
/PRNewswire/ -- The RTX Corporation (NYSE: RTX) Board of Directors
has elected President and Chief Executive Officer Christopher T. Calio as Chairman of the Board,
effective April 30, 2025.
This action follows notice to the Board by Gregory J. Hayes, RTX Executive Chairman, of his
decision to step down as Executive Chairman and as a member of the
Board prior to the company's 2025 annual meeting.
Mr. Hayes has served as Executive Chairman of the Board since
May 2024. Prior to that, he served as
President and CEO of RTX, following the 2020 merger of Raytheon
Company and United Technologies, where he was Chairman and CEO.
"Greg has led RTX since the company's inception and through
significant aerospace and defense industry change," said
Fred Reynolds, RTX Lead Director.
"Greg's extraordinary visionary leadership over the past 35 years
has created tremendous value for employees, customers, partners and
investors, and his steady guidance has steered a successful
leadership transition that positions the company for success well
into the future. We want to thank Greg for his many years of
outstanding leadership and service to our company."
"As anticipated, as CEO, Chris
Calio has continued to drive RTX growth by focusing on
operational execution and technology innovation at the pace of
customer needs," said Greg Hayes. "I
am confident that, as Chairman and CEO, he will continue to execute
on the strategic priorities that deliver long-term growth for all
stakeholders. I wish him all the best for the future."
Effective April 30, 2025, Mr.
Hayes will transition to the role of Special Advisor to the CEO
through January 2, 2026.
About Chris Calio
Calio joined the RTX board of directors in 2023 and was elected
President and CEO of the Company on May 2,
2024, where he has been responsible for leading more than
185,000 employees and generating over $80
billion in annual sales. He served as President and Chief
Operating Officer of RTX, overseeing the company's three business
units, as well as its functions for technology, engineering,
enterprise services, digital, operations, quality, supply chain and
environmental, health and safety. Mr. Calio was previously
President of Pratt & Whitney, where he led our business that
designs, manufactures and services aircraft engines and auxiliary
power units. He joined the company in 2005 and held various
leadership roles and drove significant transformational change
throughout his tenure.
About Greg Hayes
Mr.
Hayes became Executive Chairman of RTX on May 2, 2024. Prior to that, he served as
Chairman, President and CEO of RTX from 2020 through May 2024, during a period of strong growth and
transformation. Mr. Hayes has had a nearly 21-year career at United
Technologies Corporation (UTC), holding several senior leadership
roles across finance, corporate strategy and business development,
culminating with his appointment to Chief Executive Officer in 2014
and chairman in 2016. As CEO, Mr. Hayes led the reshaping of UTC
from industrial conglomerate to a focused aerospace company.
Beginning with the divestiture of Sikorsky Aircraft in 2015 and the
acquisition of Rockwell Collins in 2018, he continued to focus the
business with the spin offs of Otis Elevator Company and Carrier
Corporation in 2020. Mr. Hayes then led the merger of UTC's
remaining aerospace businesses, Pratt & Whitney and Collins
Aerospace Systems, with Raytheon Company, to form RTX in
April 2020, when he became CEO of
RTX.
About RTX
RTX is the world's largest aerospace and
defense company. With more than 185,000 global employees, we
push the limits of technology and science to redefine how we
connect and protect our world. Through industry-leading businesses
– Collins Aerospace, Pratt & Whitney, and Raytheon – we are
advancing aviation, engineering integrated defense systems for
operational success, and developing next-generation technology
solutions and manufacturing to help global customers address their
most critical challenges. The company, with 2024 sales of more than
$80 billion, is headquartered in
Arlington, Virginia.
Media contact: corporatepr@rtx.com
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