Jim Taiclet Makes His Move from American Tower to Lockheed Martin

In a significant leadership transition within the defense and infrastructure sectors, Jim Taiclet has departed American Tower Corp. to assume the role of President and Chief Executive Officer at Lockheed Martin. His move marks a notable shift in the executive leadership landscape of two major corporations.

Leadership Changes at American Tower

American Tower has named Tom Bartlett as the new President and Chief Executive Officer, effective immediately, following Jim Taiclet’s departure. Bartlett brings substantial experience to the role, having served as Executive Vice President and Chief Financial Officer for over a decade. He joined American Tower from Verizon Communications, Inc. in April 2009, bringing with him more than 25 years of telecommunications industry experience.

Simultaneously, Rod Smith, who held the position of Senior Vice President, Corporate Finance and Treasurer, has been elevated to Executive Vice President, Chief Financial Officer and Treasurer. Smith’s tenure with American Tower spans over a decade, including his work as Chief Financial Officer of the company’s U.S. Tower Division.

Jim Taiclet’s Leadership Journey

Jim Taiclet’s tenure at American Tower reflects a remarkable rise through the organization. He joined in 2001 as President and Chief Operating Officer before being elevated to Chief Executive Officer and Chairman in 2003, replacing founder Steven Dodge. During his leadership, he guided the company through numerous industry developments and market cycles.

Currently serving on the Board of Lockheed Martin, Jim Taiclet will now transition to the role of President and Chief Executive Officer at the aerospace and defense giant, replacing Marillyn Hewson in that position. Additionally, Pamela Reeve, American Tower’s lead independent director, is set to become the non-executive Chair of the Board, assuming the role that Jim Taiclet previously held.

Market Response

The leadership transition prompted an immediate market reaction, with American Tower’s stock trading at $213.84 in pre-market activity at the time of the announcement, reflecting a decline of $25.15 or approximately 10.52 percent. This market response underscores investor attention to significant leadership changes at major corporations.