The RTX Corporation (NYSE: RTX) today announced the appointment of Fredric G. Reynolds as the company's lead independent director, replacing Dinesh C. Paliwal who will step down from the board as of December 1, 2023.
On behalf of the Board, the RTX management team and our shareholders, I would like to thank Dinesh for his service on our Board of Directors. The Chairman and CEO of RTX, Gregory J. Hayes, expressed his gratitude for Dinesh's service. During the past three and a half years, his contributions as lead independent director have been very important to the establishment of RTX as one of the leading aerospace and defense companies in the world, and we wish him the best of luck going forward.
In support of the management team's objectives, it has been an honor to work with Greg Hayes and my distinguished colleagues on the RTX Board. After seven years of board service and witnessing the successful merger of Raytheon Company and United Technologies, I feel this is the right time for me to step down," Paliwal stated. As a result of my trust in the RTX team, I remain confident that they will lead the industry forward in the near future."
Furthermore, Mr. Reynolds will continue to serve as the Chair of the Audit Committee as well as a member of the Governance and Public Policy Committee in addition to his duties as Lead Independent Director.
A few months ago, Mr. Paliwal was appointed to the RTX Board as a result of the merger between the aerospace businesses of Raytheon Company and United Technologies Corporation. In addition to serving as the lead independent director on the RTX Board, Mr. Paliwal was also a member of the Governance and Public Policy Committee as well as the Human Capital and Compensation Committee. Mr. Paliwal was appointed to the Raytheon Company Board in 2016. 
RTX is one of the largest aerospace and defense companies in the world. With more than 180,000 employees worldwide, we strive to redefine how we connect and protect our world by pushing the boundaries of technology and science every day. We are helping global customers solve their most critical challenges by advancing aviation, engineering integrated defense systems for operational success, and developing next-generation technology solutions and manufacturing through three industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon – through our industry-leading businesses.. With sales expected to reach $67 billion in 2022, the company is headquartered in Washington, D.C.
With sales expected to reach $67 billion in 2022, the company is headquartered in Washington, D.C.
Contact person for media inquiries: Chris Johnson [email protected]
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