What changed
HII elected Mike Petters, its former CEO and President, to its board of directors. Petters stepped down as the company's first CEO and president in 2022 after steering its spin-off from Northrop Grumman in 2011. He joined Newport News Shipbuilding in 1987 and rose to president of the shipyard. Chairman Kirkland Donald said the board will leverage Petters' shipbuilding expertise as HII ramps the nation's capacity to deliver for the U.S. Navy.
Why it matters
HII elected Mike Petters, its former CEO and President, to its board of directors. Petters stepped down as the company's first CEO and president in 2022 after steering its spin-off from Northrop Grumm