Lockheed Martin's new CEO resigns; 'improper relationship' with female subordinateSubmitted by go213mph on Sat, 11/10/2012 - 12:12
Lockheed Martin's new CEO resigns before he can start after investigation discovers an 'improper relationship' with female subordinate.
The incoming CEO of Lockheed Martin announced his resignation Friday after admitting to an improper relationship with a subordinate.
Kubasik, 51, was the defense contractor's chief operating officer and was slated to take over current-CEO Bob Steven's position in January.
However an internal investigation revealed he was having an improper relationship with a female employee - the circumstances of which was not disclosed.
'While I am deeply disappointed and saddened by Chris’ actions, which have been inconsistent with our values and standards, our swift response to his improper conduct demonstrates our unyielding commitment to holding every employee accountable for their actions,' Stevens told Forbes.
Lockheed Martin issued a statement noting that Kubasik's 'close personal relationship with a subordinate employee' violated the company's code of ethics and business conduct.