Raytheon CEO to step down; to be succeeded by COO

|About: Raytheon Company (RTN)|By:, SA News Editor

Raytheon (RTN) CEO William Swanson is stepping down, as he will turn 65 next month, and he will be replaced by 58-year old COO Thomas Kennedy at the end of March.

Swanson will stay in his role as Chairman; he's been CEO of Raytheon since 2003. (PR)