Toner Succeeds Welch at General Dynamics
General Dynamics announced the appointment of Michael W. Toner, 59, as executive vice president of the Marine Systems group, reporting to the chairman and CEO. He succeeds John K. Welch, who has announced his retirement; Welch had led the Marine Systems group since January 2000. Toner will also continue in his present position as president of General Dynamics Electric Boat. "John Welch served General Dynamics with energy and skill, and we wish him well in his retirement," said Nicholas D. Chabraja, General Dynamics chairman and CEO. "Mike Toner has the operational experience to ensure that Marine Systems delivers value to our shareholders, and ships of the superb capability and quality that our customers expect," Chabraja said.
GD Appoints Welch As Senior VP
General Dynamics (GD) has named John K. Welch as senior vice president of the corporation and head of the marine systems group, which includes all of the company's shipbuilding and marine service operations. Welch will report to Nicholas D. Chabraja, GD chairman and CEO, at the company's Falls Church, Va. headquarters. Welch, who has been a vice president of the corporation and president of the company's Electric Boat business since 1995, will succeed James E. Turner, Jr., president and COO of GD, who has headed up the group for the past five years. The company announced that Turner plans to retire on January 15, and that it does not intend to name a new president. In addition, Michael W. Toner will take over Welch's position as president of Electric Boat, Groton, Ct.
