(Reuters) – Former RTX CEO Gregory Hayes will step down as executive chairman and member of the board, the aerospace and defense major said on Monday.
Hayes will remain an employee of RTX as a special advisor to CEO Christopher Calio, who will take on the role of chairman of the board, the company said.
The transition will be effective April 30, 2025, the company said, adding that Hayes’ role as special advisor will run through Jan. 2, 2026.
Hayes became CEO of RTX – formerly Raytheon – in 2020 after its merger with United Technologies, where he also held the role of chief executive. He was executive chairman of the board since May.
Calio, who succeeded Hayes as CEO last year, was previously president and chief operating officer at RTX, before which he held leadership positions at engine maker Pratt & Whitney.
(Reporting by Utkarsh Shetti in Bengaluru; Editing by Mrigank Dhaniwala)
