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Benzinga

Akanksha Bakshi

Huntington Ingalls Industries Names Chris Kastner To Succeed Mike Petters As CEO

HII Huntington Ingalls Industries Inc NYSE

Huntington Ingalls Industries Inc (NYSE:HII) board elected Chief Operating Officer Chris Kastner to become President and Chief Executive Officer, effective March 1, 2022.
The board also elected president and CEO Mike Petters to become executive vice-chairman of the board for a transition period.
Petters will support the leadership transition as executive vice chairman and will remain an HII employee through 2022.
Kastner was promoted to his current COO position in February 2021, after serving as HII's EVP and CFO since March 2016.
HII noted Kastner's selection to succeed Petters is part of the multi-year succession planning process.
Price Action: HII shares are trading lower by 2.27% at $184.16 on the last check Friday.

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