Leonardo DRS(US:DRS) Businesswire·2025-10-29 11:45Core Points - Leonardo DRS, Inc. announced the retirement of William J. (Bill) Lynn as Chairman and CEO after 14 years, with John Baylouny appointed as the new President & CEO effective January 1, 2026 [1][4] - Frances (Fran) Fragos Townsend has been elected as the new Chair of the Board of Directors, also effective January 1, 2026 [1][4] Company Leadership Transition - Bill Lynn has transformed Leonardo DRS into a technology-driven organization, focusing on advanced sensing, network computing, force protection, and electric power and propulsion technologies [2][3] - Under Lynn's leadership, the company achieved significant contract wins, including propulsion content for the Columbia Class submarine and counter-UAS positions, contributing to durable growth [2] - John Baylouny, with over 35 years of experience at Leonardo DRS, has served as COO since late 2018 and is expected to ensure a seamless leadership transition [4][5] Board of Directors - Fran Townsend has been a Board director since 2009 and has extensive experience in both private and public sectors, including roles in the Department of Justice and as Assistant to President George W. Bush [6] - Townsend's deep understanding of the company and its strategic journey positions her well for the role of Board Chair [3][6] Company Overview - Leonardo DRS specializes in developing transformative defense technologies and delivering innovative solutions for U.S. national security customers and allies [7] - The company focuses on high-performance, multi-domain capabilities across next-generation advanced sensing, network computing, force protection, and electric power and propulsion [7]