Lockheed Martin promotes new treasurer, CFO for missiles and fire control

Lockheed Martin announced this week that Maria Ricciardone has been promoted to vice president and treasurer and Evan Scott as chief financial officer of the company's Missiles and Fire Control business unit.

Ricciardone will succeed Scott as treasurer, according to a company statement.

Scott succeeds Charles Hubbs, who after more than 40 years of service has announced his plans to retire, according to the statement, which adds: "Hubbs will transition into a strategic advisory role before departing the company in late 2024."

As vice president and treasurer, Ricciardone will lead Lockheed's worldwide banking activity, including global treasury operations, foreign exchange and capital markets, rating agency relations, capital planning and risk management. She joined the company in 2022 as vice president of investor relations and will maintain this role in her new position.

Prior to joining the company, Ricciardone was vice president of finance for financial planning and analysis and global components at Arrow Electronics in Colorado. She previously held positions at Hubbell Inc.; United Technologies and its subsidiary Otis Elevator Co.; Duff & Phelps; Affiliated Managers Group; and Booz Allen Hamilton.

As Missiles and Fire Control’s CFO, Scott will lead financial and business operations for that business unit. He began his career at Lockheed Martin in June 1999 and has served as vice president and treasurer since June 2022.