WALTHAM, Mass., Feb. 22, 2006 /PRNewswire-FirstCall/ -- Raytheon Company
(NYSE: RTN) has appointed David C. Wajsgras, 46, senior vice president and
chief financial officer, effective March 13, 2006. Most recently, Wajsgras was
executive vice president and chief financial officer for Lear Corporation
(NYSE: LEA).
(Photo: http://www.newscom.com/cgi-bin/prnh/20060222/NYW086 )
In his new position, Wajsgras will direct Raytheon's overall financial
strategy. His responsibilities will include financial reporting and controls,
merger and acquisition activity, planning and analysis, investor relations,
tax and treasury. He will report directly to Raytheon Chairman and Chief
Executive Officer William H. Swanson.
"Raytheon will benefit from David's deep financial expertise, as well as
his extensive operational experience in driving solid business results through
a ROIC (return on invested capital) focus," said Swanson. "His strong
leadership is well-known to the financial community. I'm pleased to welcome
him to Raytheon."
Wajsgras joined Lear in September 1999 as vice president - controller,
responsible for all Lear's accounting and financial reporting functions. He
was promoted to senior vice president and CFO in January 2002 and executive
vice president in August 2005. In addition to his financial responsibilities,
Wajsgras had strategic and operational oversight of Lear's Interior Systems
Division.
Before joining Lear, Wajsgras was corporate controller for Engelhard
Corporation in Iselin, N.J. He has also held various financial management
positions with Honeywell International, Inc., in Morristown, N.J.
Wajsgras is a member of the 3Com (Nasdaq: COMS) board of directors and is
chairman of its audit and finance committee.
Wajsgras earned a bachelor's of science degree in accounting from the
University of Maryland in College Park and a master's of business
administration degree in finance from the American University in Washington,
D.C. He is a certified public accountant and a member of the Financial
Executives Institute, the Corporate Executive Board and the Manufacturer's
Alliance/MAPI, an education and research organization.
Raytheon Company, with 2005 sales of $21.9 billion, is an industry leader
in defense and government electronics, space, information technology,
technical services, and business and special mission aircraft. With
headquarters in Waltham, Mass., Raytheon employs 80,000 people worldwide.
Contact:
Steve Brecken
781.522.5127
SOURCE Raytheon Company
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Related links:
http://www.raytheon.com
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/20060222/NYW086
AP Archive: http://photoarchive.ap.org AP PhotoExpress
Network: PRN8 PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Steve Brecken, +1-781-522-5127, for Raytheon
Company
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