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RTX names Christopher T. Calio to succeed Gregory J. Hayes as CEO
In a planned leadership transition, RTX today announced that President and Chief Operating Officer Christopher T. Calio will succeed Gregory J. Hayes as Chief Executive Officer at the 2024 RTX annual shareowners meeting scheduled for May 2. Hayes will continue to serve as Executive Chairman of RTX. Calio was also appointed to the company's Board of Directors effective today.
This is a long-planned transition. Chris was elevated to COO and President in March 2022 and was tasked with realigning RTX into three focused business units – PW, Collins and Raytheon. He's also been driving operational transformation across the company, focusing especially on strengthening the supply chain, businesses processes and production performance. The Formal transition is expected to be complete by May 2.
"Today's announcement reflects the Board's deliberate, disciplined succession planning process," said Chairman and CEO Greg Hayes. "Chris has a deep understanding of the industry, our customers' needs and our operations. I have every confidence in his ability to lead RTX and drive the company's long-term success."
"Greg has had a remarkable career leading RTX, his vision to transform from a conglomerate to a top global aerospace and defense company has created tremendous value for shareowners, employees and our nation," said Fredric G. Reynolds, Board lead Director. "The Board looks forward to Greg's continued influence and leadership as Executive Chairman."
"The Board is very pleased to have Chris Calio succeed Greg Hayes as RTX CEO," added Reynolds. "Chris has been disciplined in leading the company's operations and strategic growth strategy. We look forward to working with and supporting Chris as he leads RTX to continued growth and success."
"I deeply value the Board's confidence in me and am grateful for the opportunity to lead the RTX team forward," said Chris Calio. "I am honored to succeed Greg, who has built the best positioned portfolio in aerospace and defence. As a leadership team, we are focused on driving operational excellence and accelerating technological innovation as we deliver on the record backlog of customer demand and meet shareowner expectations."
As President and Chief Operating Officer of RTX, Calio, 50, oversees the company's three business units, as well as its functions for technology, engineering, enterprise services, digital, operations, quality, supply chain, and environment, health and safety. In 2023, Calio oversaw the realignment of RTX from four to three business segments: Collins Aerospace, Pratt & Whitney and Raytheon.