WALTHAM, Mass., Feb. 10, 2015 /PRNewswire/ -- Raytheon Company (NYSE: RTN) announced today the retirement of Richard Goglia, Vice President and Treasurer, effective March 31, 2015. The Company also announced the appointment of Sanjay Chawla to the new role of Vice President, Pension Investments. The company is in the process of reviewing potential internal and external successors to the Treasurer role and expects to name a new Vice President and Treasurer within the next few months.
Goglia, 63, retires after a successful 17-year career with Raytheon, where he helped shape the company's financial strategy and success. As Treasurer, Goglia's added responsibilities included assignments leading Raytheon's Merger and Acquisition team and its commercial aircraft finance unit. Goglia also served as the Company's Chief Investment Officer for its global retirement programs. His tenure is marked with many significant contributions to the Company's financial position, including strong returns on the Company's pension assets.
Prior to joining Raytheon, Goglia spent 16 years in roles of increasing responsibility at General Electric's domestic and international businesses. He is a graduate of Bucknell University and The Wharton School and recently joined the board of trustees for the Natixis Funds and Loomis Sayles Funds.
In his new role, Chawla, who will report to Raytheon's new Vice President and Treasurer, will lead Raytheon's Pension Investments team, with responsibilities for the management of pension assets, including the performance, development, execution and implementation of investment strategies and oversight of the assets of the Company's employee benefit plans.
Chawla joined Raytheon in 2013 as Director of Pension Investments from The Dow Chemical Company, where he most recently served as the Sr. Director, Global Asset Allocation, Absolute Return and CIO, Canada Portfolio Investments. He brings over 20 years of global financial markets experience to his new role, including investment management, financial risk management and capital markets.
Chawla holds an MBA-Finance and Marketing from Virginia Polytechnic Institute and a Bachelors of Commerce from Shri Ram College of Commerce, Delhi University.
Raytheon Company, with 2014 sales of $23 billion and 61,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 93 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems, as well as cyber security and a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @raytheon.
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SOURCE Raytheon Company