Northrop
Grumman Names New Sector Chief Financial Officer
NEWPORT
NEWS, Va., Nov. 1, 2004 -- Northrop Grumman Corporation
(NYSE: NOC) has appointed Barbara A. Niland chief financial
officer and vice president of business management for
the company's Newport News sector, effective today. In
this role, she reports to C. Michael Petters, corporate
vice president and president of the Newport News sector,
and on a matrixed basis reports to Charles H. Noski, Northrop
Grumman corporate vice president and chief financial officer.
Niland,
46, who most recently served as vice president of finance
and controller for the company's Electronic Systems
sector in Baltimore, is responsible for directing the
Virginia-based Newport News sector's business strategy
and processes in support of business growth and profitability
goals. She also has responsibility for sector business
management functions such as contracts, estimating and
pricing, accounting, financial reporting and planning,
and analysis, rates and budgets, and program cost control.
Niland
succeeds Linda M. Leukhardt who was recently named the
chief financial officer for the Electronic Systems sector.
"Barbara
brings a strong financial and business management background
to this position and has demonstrated experience in
a variety of areas critical to our success," said
Petters. "She will be a key member of the Newport
News team as we focus on contract execution and customer
satisfaction."
Niland
joined the company in 1979 and has held a number of
financial and business management positions at company
locations, primarily in Baltimore. In 1995, she was
appointed business manager for a number of space systems
programs in Baltimore. Later, she was named program
director of business management for space systems. Niland
was promoted to vice president of finance and controller
for Electronic Systems in 2002.
Niland
earned a bachelor's degree in finance from Towson State
University and a master's degree in business administration
from the University of Maryland.
Northrop
Grumman Newport News, headquartered in Newport News,
Va., is the nation's sole designer, builder and refueler
of nuclear-powered aircraft carriers and one of only
two companies capable of designing and building nuclear-powered
submarines. Newport News also provides after-market
services for a wide array of naval and commercial vessels.
The Newport News sector employs about 19,000 people.
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