Photo Release -- James F. Pitts to Head Northrop Grumman's Electronic Systems Sector
Robert P. Iorizzo to Retire
LOS ANGELES - July 26, 2005 - Northrop Grumman Corporation (NYSE: NOC) today announced that its board of directors has elected James F. Pitts corporate vice president and president of the company's Electronic Systems sector. Pitts will report to Ronald D. Sugar, Northrop Grumman's chairman, chief executive officer and president.
A photo accompanying this release is available at: http://media.primezone.com/noc/
Pitts, 54, will assume his new position on Oct. 1, 2005, succeeding Robert P. Iorizzo, who will retire at age 65 in accordance with the company's mandatory retirement policy for officers. Pitts currently serves as vice president and general manager of the sector's aerospace systems division, a position he has held since 2001. He has been with the company since 1973. The Electronic Systems sector had sales of $6.4 billion in 2004.
"In his 32 years with the company, Jim Pitts has distinguished himself as a capable and talented executive," said Sugar. "Jim's leadership and his extensive experience with the company make him an excellent choice to succeed Bob Iorizzo."
Since joining the company as an engineer, Pitts has held positions of increasing responsibility. He was named deputy general manager of the systems development and engineering division in 1990, and one year later was appointed vice president of avionics systems. Pitts was named vice president of engineering and manufacturing in 1997 and stepped into his current role in 2001.
Pitts earned a bachelor's degree in engineering science and a master's degree in electrical engineering from The Johns Hopkins University. He also attended the Executive Forum at INSEAD business school in Fontainebleau, France, and the Advanced Management Program at Harvard University. He holds three patents in support of various electronic warfare techniques and developments.
He serves on the Board of Trustees for the Maryland Science Center and is a member of the McDaniel College Corporate Advisory Council. He has served on the University of Maryland Board of Visitors, the United Way of Central Maryland Board of Directors and the Johns Hopkins National Advisory Council.
"We owe a debt of gratitude to Bob Iorizzo for his 43 years of dedication to this company and our industry," Sugar said. "During a period of dramatic change in defense technology, Bob's expertise, insights and leadership have led to the development of some of the most sophisticated electronics systems available. He has been instrumental in helping to position Northrop Grumman as a world leader in defense electronics. We wish him well in his retirement."
Iorizzo will remain with the company through Nov. 30, 2005, during which time he will serve as corporate vice president in charge of special projects for the CEO.
Northrop Grumman Corporation is a global defense company headquartered in Los Angeles, Calif. Northrop Grumman provides technologically advanced, innovative products, services and solutions in systems integration, defense electronics, information technology, advanced aircraft, shipbuilding and space technology. With more than 125,000 employees, and operations in all 50 states and 25 countries, Northrop Grumman serves U.S. and international military, government and commercial customers.
CONTACT: Dan McClain (310) 201-3335