Former U.S. Navy admiral was designated as a new CEO of General Dynamics Corp.
Jay Johnson, currently chief of utility Dominion Virginia Power and already a member of General Dynamics' board of directors, will assume the company's control on July 1, 2009.
The current CEO of defense conglomerate is Nick Chabraja, 65, will remain on the board until 2010.
Admiral Jay L. Johnson served from 1996-2000 as 26th Chief of Naval Operations (CNO). He succeeded to the position following the death of Admiral Jeremy M. Boorda. Johnson is an Eagle Scout and recipient of the Distinguished Eagle Scout Award.
The replacement move emphasizes the importance of the company’s ship-building business.
Russian Finance Minister Anton Siluanov announced a possible move that Russia can take in response to new US sanctions
Not that long ago, American soldiers would train their skills to counter insurgent and partisan military organizations. These days, they are trained to show resistance to the regular army of a potential adversary
The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America