Lockheed Martin ousts new CEO-to-be over 'relationship with subordinate'
American Defense company Lockheed Martin has ousted its president and anticipated CEO Christopher Kubasik over 'a relationship with a female subordinate.'
The firm said that its board of directors asked for and received the resignation of Kubasik from his role as vice chairman, president and chief operating officer.
According to CBS News, the 51-year old had been scheduled to become CEO in January.
Lockheed Martin said that an ethics investigation confirmed that he had a close personal relationship with a subordinate employee.
This violated the firm's code of ethics and business conduct, it added.
Kubrick, in a statement, said the departure in no way reflects on the strength of Lockheed Martin and he remains confident in the future of the company, where he had worked for the past 13 years.
"I regret that my conduct in this matter did not meet the standards to which I have always held myself," he added.