Curtiss-Wright Corporation announced a leadership transition plan where current Executive Vice President and Chief Operating Officer, Kevin M. Rayment, will be appointed President and Chief Executive Officer, effective January 1, 2027. He will succeed Lynn M. Bamford, who is retiring as CEO and will transition to the role of Executive Chair.
Key Details
- Incoming CEO: Kevin M. Rayment will become President and CEO, and join the Board of Directors, effective January 1, 2027.
- Outgoing CEO: Lynn M. Bamford will retire from her role as CEO and transition to Executive Chair, also effective January 1, 2027.
- New CEO Compensation: Effective with his appointment, Mr. Rayment's new compensation includes a $1.1 million annual base salary, a 125% target bonus opportunity, and a 2027 long-term incentive award with a target value of $5.225 million.