Waltham-MA-based Raytheon Company Chairman and CEO Thomas Kennedy announced on January 7 the appointment of David Wajsgras as President, Raytheon Intelligence, Information and Services (IIS) business, succeeding Lynn Dugle, who has announced plans to retire from the company. Additionally, Kennedy has appointed Anthony “Toby” O’Brien vice president and Chief Financial Officer, succeeding Wajsgras. The new appointments are effective March 2, 2015.
“Today’s executive announcements reflect our focus on strong talent development and succession planning,” said Kennedy. “Dave’s tenure as CFO has been an integral component of an exceptional growth period for the company. His focus on delivering value to our customers and investors will help support our global growth strategy at IIS. I want to thank Lynn for her outstanding leadership and dedication to our customers, employees and communities. Lynn’s leadership in transforming IIS into a global cyber and security services business represents a lasting legacy of innovation and customer success.”
In commenting on O’Brien’s appointment to Chief Financial Officer, Kennedy added, “As a 29-year veteran of Raytheon, Toby has a deep knowledge of our company and our customers. His extensive expertise in all aspects of finance and the defense industry provide a strong foundation for his future success as our new CFO and for the fiscal stewardship of Raytheon.”
Wajsgras joined Raytheon as senior vice president and Chief Financial Officer in 2006, leading the company’s merger and acquisition activity, planning and analysis, financial reporting and controls, investor relations, and global tax and treasury operations. Under his leadership, the company’s financial position was substantially improved. Further, he led several successful technology-based acquisitions and divestitures, including the sale of Raytheon Aircraft Company. Prior to joining the company, Wajsgras was executive vice president and CFO of Lear Corporation, where he served seven years in a series of increasingly senior financial and operational leadership roles. Before joining Lear, Wajsgras was corporate controller for Engelhard Corporation and held numerous financial management positions with Honeywell International, Inc.
Wajsgras serves as the executive champion of Raytheon’s Persons with DisAbilities (RPDA) Employee Resource Group, an organization that works as a strategic partner across the company to facilitate a fully accessible and supportive workplace for employees with disabilities. He is a member of the Kogod Advisory Council for the Kogod School of Business at American University in Washington, D.C., the Lahey Clinic Foundation Board of Trustees in Burlington, Mass., and the CFO Council of the Aerospace Industries Association. He earned his bachelor’s degree in accounting from the University of Maryland in College Park, and has a master’s degree in business administration from American University.
O’Brien joined Raytheon in 1986, holding numerous finance positions of increasing responsibility with the company over the course of his 29-year career. He most recently served as vice president and chief financial officer for Raytheon’s Integrated Defense Systems (IDS) business. In this role, O’Brien was responsible for providing focus and leadership to various strategic initiatives at the business unit, as well as improved effectiveness and efficiency in the organizational structure. Previously, O’Brien was vice president of Finance and the senior finance executive responsible for Raytheon Airline Aviation Services and Raytheon’s International Landed Companies, and Chief Financial Officer for Raytheon Aircraft Company. He holds a bachelor’s degree in finance from Boston College and is a graduate of Raytheon’s Finance Leadership Development Program.
SOURCE Raytheon Company