Sikorsky president Schultz to retire in early 2021

By Dan Parsons | November 18, 2020

Sikorsky president Dan Schultz has announced his retirement from the helicopter manufacturer effective in early 2021, sparking a shuffling of executives at parent company Lockheed Martin’s Rotary and Mission Systems division.

Paul Lemmo, Lockheed’s vice president of integrated warfare systems and sensors, will assume Schultz’s responsibilities in January.

Jon Rambeau, currently vice president C6ISR, will take over for Lemmo while Gregg Bauer, currently vice president of undersea warfare and integration programs, will move into Rambeau’s job.

Stephanie Hill, executive vice president of Lockheed’s Rotary and Mission Systems division, said Schultz “has had a tremendous impact to Lockheed Martin, and I’m grateful for his contributions.”

Hill was “able to leverage our bench of talent” in making the various changes from within the division’s executive leadership.

“Having a robust talent development program enables organizations to quickly respond to changes within their workforce,” she said in a statement.

Prior to his role at Sikorsky, Schultz served as the vice president and general manager of the Ship and Aviation Systems (SAS) line of business, where he oversaw the U.S. Navy’s Littoral Combat Ship program.

During his career with the U.S. Marine Corps, Schultz served as the program manager for the Joint V-22 Osprey program.