Lockheed Martin announced that its board of directors has elected Maria Ricciardone as vice president, Treasurer and Investor Relations, effective January 1, 2024. She succeeds Evan Scott as Treasurer, who has been appointed as Missiles and Fire Control (MFC) chief financial officer, effective January 1, 2024.

Scott succeeds Charles Hubbs, who after more than 40 years of service has announced his plans to retire. Hubbs will transition into a strategic advisory role before departing the company in late 2024.

As vice president and treasurer, Ricciardone will lead the corporation's worldwide banking activity, including global treasury operations, foreign exchange and capital markets, rating agency relations, capital planning and risk management. She joined the corporation in 2022 as vice president of Investor Relations and will maintain this role in her new position.

Prior to joining Lockheed Martin, Ricciardone was vice president, Finance – FP&A and Global Components for Arrow Electronics in Colorado. She previously held positions at Hubbell Incorporated; United Technologies and its subsidiary, Otis Elevator Company; Duff & Phelps; Affiliated Managers Group; and Booz Allen Hamilton.

As MFC’s chief financial officer, Scott will lead financial and business operations for the business area. He began his career at Lockheed Martin in June 1999 and has served as vice president and treasurer since June 2022.