Leidos Picks New CEO; Roger Krone To Retire As Chairman & CEO By May 2023

Leidos Holdings Inc LDOS has appointed Thomas Bell as Chief Executive Officer, expected to be effective May 3, 2023.
Bell, currently President - Defense Rolls-Royce plc; Chairman & CEO, Rolls-Royce North America Inc, will succeed current Chairman and CEO, Roger Krone.
Prior to his current role, Bell was senior vice president of global sales & marketing for defense, space & security at Boeing Co BA.
Krone will retire as Chairman at the time of the Leidos 2023 annual meeting of stockholders and as CEO when Bell's appointment becomes effective.
The Board expects to appoint Robert S. Shapard as independent, non-executive chair after the 2023 annual meeting of stockholders and will also nominate Bell to the Board.
Krone will continue as a fully employed advisor through July of this year to facilitate the transition.
Price Action: LDOS shares are trading lower by 1.59% at $97.70 on the last check Monday.