Lockheed Martin’s Pension Head Steps Down

Christopher Li

The president and chief investment officer of Lockheed Martin’s investment management company, which runs its pension program, is retiring on June 30, with no replacement lined up.

Christopher Li had taken over the aerospace and defense company’s $23 billion pension investments in 2007, turning it into the $70 billion it is today. He was in charge of 45 professionals, according to his LinkedIn.

Lockheed said it is “committed to naming a new leader” as soon as possible. Li was unable to be reached for comment.

Lockheed Martin made additional changes to its executive lineup this week.

Vicki Hollub has been elected to serve on the company’s board of directors, specifically its Management Development and Compensation, and Nominating and Corporate Governance Committees.

Hollub is president and CEO of Occidental Petroleum. She is also on Occidental’s board, as well as the boards of the American Petroleum Institute and Khalifa University for Science and Technology in Abu Dhabi. She also chairs the US-Columbia Business Council.

Bob Harward will lead Lockheed’s Middle East business, expanding on his previous position as head of the company’s United Arab Emirates division. His new responsibilities include developing Lockheed’s strategy, operations, and growth in the region.