Northrop Grumman has named veteran finance govt David Keffer as its new CFO, changing Kenneth Bedingfield.
Keffer has most recently been a basic spouse at expenditure company Blue Delta Funds Companions soon after previously serving as CFO at CSRA and its predecessor enterprise SRA Worldwide.
His appointment at Northrop will develop into helpful Feb. 17, with Bedingfield remaining at the enterprise until finally Feb. 21 to aid with the changeover.
“I am self-assured that Dave will bolster our management team with his strategic, financial and business acumen, and will aid our enterprise proceed to improve and complete,” CEO Kathy Warden stated in a news launch. “Dave has wide expertise and a confirmed monitor file of correctly main finance businesses and driving business final results.”
Bedingfield, previously Northrop’s vice president, finance, was promoted to CFO in 2014 and, according to the Washington Business Journal, assisted shepherd the protection contractor “through a time of remarkable progress, as its revenues climbed on the backs of new protection expending.”
Through his tenure, Northrop was active in M&A, earning this kind of bargains as the acquisition of Dulles-centered Orbital ATK for $seven.eight billion in 2018 that solidified its dominance in the rocket and missile propulsion marketplace.
“Ken’s management assisted place us for our upcoming,” Warden stated.
In fiscal 2019, Bedingfield earned $five.9 million, including $2.1 million in wage and $3.five million in equity. On Monday, he marketed four,611 Northrop shares for a complete value of nearly $1.seven million.
Keffer earned a bachelor’s degree in finance from Georgetown College and an MBA from the College of Virginia’s Darden University of Business. He joined SRA in 2003, soaring to corporate controller in 2013 and CFO the pursuing calendar year.