Raytheon Company of Waltham, MA announced on October 5 that Todd Ernst has been named vice president, Corporate Development to succeed Michael Cody, who is retiring after serving more than eight years in the role at the company. The change is effective November 6, 2017.
Ernst adds oversight of merger and acquisitions while continuing his role as head of Investor Relations. He also continues to report to Raytheon vice president and chief financial officer Toby O’Brien.
“Todd’s expertise in finance, banking and strategy is ideally suited to his expanded role as we continue to position the company for global growth,” said O’Brien. “I want to thank Michael for his solid leadership of our Corporate Development function and congratulate him on an impressive career supporting our overall global growth, competitive advantage and enterprise collaboration goals.”
Ernst has led Raytheon’s Investor Relations since November 2010. He joined Raytheon in January 2010 as director, Competitive Assessment for Corporate Strategy. Previously, he held senior equity analyst positions at Balyasny Asset Management and Neuberger Berman, covering aerospace and defense and other industry sectors. He holds a Bachelor of Arts in history from DePauw University and a Master of Business Administration with an emphasis in finance and corporate strategy from the University of Michigan’s Ross School of Business. He is also a designated Certified Treasury Professional.