General Dynamics Moves to Fix Troubled IT Division

Executive ranks all shook up, as GD moves to replace departing division head.

By Rich Smith – Mar 7, 2013 at 9:11PM EST

Defense contracting giant General Dynamics (GD 2.39%) shook up its executive ranks Thursday, announcing that:

Executive Vice President and Executive of the company's Combat Systems Group David K. Heebner is shifting over to become Executive of GD's Information Systems and Technology Group instead
General Dynamics Land Systems President Mark C. Roualet has taken his place
Senior Vice President and General Manager for General Dynamics Land Systems' domestic operations Gary L. Whited has, in turn, been promoted to President of GDLS

All three changes are effective immediately. All were initiated in response to last month's news that GD's IST head, Gerard J. DeMuro, had decided to leave the company in the wake of a Q4 report that showed ill-considered acquisitions in the division had cost the company $2 billion in goodwill writedowns, and pushed the entire company into a loss.

Rich Smith is a contributing Motley Fool defense and stock market analyst covering publicly traded and emerging companies in defense, space, aerospace, and other sectors. Prior to The Motley Fool, Rich practiced international corporate law for Clifford Chance in Russia, and for the Russian-Ukrainian Legal Group in Moscow, Kyiv, and Washington, D.C. He holds a bachelor’s degree in international relations from the College of William & Mary, a law degree from the University of Baltimore, and a language certification from the International Institute of Russian Language & Culture in Tver, Russian Federation. The Globe and Mail once featured him as “one of the best stock pickers since 2009.”

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General Dynamics Moves to Fix Troubled IT Division

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