RTX (NYSE:RTX) has announced that president and chief operating officer Christopher Calio will succeed Gregory Hayes as CEO in a planned leadership transition.
The Arlington, Virginia-based aerospace giant said Calio, who has been appointed to the company’s board of directors with immediate effect, will take over as CEO at the 2024 RTX (NYSE:RTX) annual shareowners meeting scheduled for May 2. Hayes will continue to serve as executive chairman of RTX (NYSE:RTX).
"Chris has a deep understanding of the industry, our customers' needs and our operations,” Hayes said in a statement. “I have every confidence in his ability to lead RTX and drive the company's long-term success.”
As president and chief operating officer of RTX, formerly known as Raytheon Technologies Corp, the company noted that Calio oversees its 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.
Before his current role, Calio was president of Pratt & Whitney, where he led the business that designs, manufactures and services aircraft engines and auxiliary power units. He joined the company in 2005 and held various leadership roles and drove significant transformational change throughout his tenure.