Christopher Kubasik, who was to become Lockheed Martin Corp.’s CEO in January, has resigned, effective immediately, after an investigation found he had a personal relationship with a subordinate, the company announced Friday after the markets closed.
Lockheed asked for his resignation as vice chairman, president and chief operating officer, the Bethesda-based company said in a statement. He will receive a $3.5 million separation payment.
Kubasik, 51, resigned after an ethics investigation confirmed that he had a “close personal relationship” with a subordinate, Lockheed said without providing more details. His actions violated the company’s code of ehics, but did not affect its operational or financial performance, the company said.