Leonardo DRS, Inc. announced that William Lynn will retire as Chairman and CEO after fourteen years. John Baylouny will take over as President & CEO, and Frances Fragos Townsend will become Board Chair, effective January 1, 2026. Bill Lynn, who became CEO in 2012, led the company through significant transformation. The Board praises Lynn’s impact and vision, with lead independent director Fran Townsend expressing gratitude for his leadership. The succession plan includes John Baylouny stepping in as the new President & CEO for a seamless transition.

Read more at Nasdaq.: Leonardo DRS CEO William Lynn To Retire, John Baylouny To Succeed