Curtiss-Wright Corporation has recently announced a Chief Executive Officer (CEO) succession plan in which Lynn M. Bamford, currently President of the Defense and Power Segments, will be named President and Chief Executive Officer and a member of the Board of Directors, as current CEO, David C. Adams, plans to retire on January 1, 2021. To ensure a smooth transition, Mr. Adams, 67, will continue as Executive Chairman of the Board through May 2022, at which time Ms. Bamford will assume the dual role of Chairman and Chief Executive Officer.
“It has been a distinct privilege to be associated with Curtiss-Wright’s long legacy for more than 20 years, including the past seven years as Chairman and CEO,” said Adams. “I am proud of the team’s relentless dedication and hard work to build a strong, diversified industrial company that has grown to be a successful corporation.”
Bamford said, “I am deeply honored by this tremendous opportunity to lead such an iconic company. I look forward to continuing to work closely with our experienced leadership team and Board, as well as the incredibly talented members of the Curtiss-Wright team, to advance the One Curtiss-Wright vision and build upon our strong track record of growth and profitability. I am highly confident about our Company’s future and our ability to drive long-term value for our shareholders, customers and employees.”
Bamford, 57, has more than 30 years of operational experience across the defense, aerospace and commercial industries. She was previously Senior Vice President and General Manager of the Defense Solutions division from 2013 through 2019. During her tenure at Curtiss-Wright, she successfully led the Company through nine acquisitions to enhance the global product portfolio.
Image credit: Curtiss-Wright