Raytheon Company says its Board of Directors has elected Dr. Thomas A. Kennedy to serve as its Chief Executive Officer, effective March 31, 2014, when William H. Swanson, who has served as CEO since 2003, steps down following his 65th birthday. Afterwards, Swanson will continue to serve as Chairman of the Board of Directors while the Company completes the transition to the new Chief Executive Officer. The Raytheon Board of Directors also elected Dr. Kennedy to serve on the Raytheon Company Board of Directors, effective January 15, 2014. Dr.