Jeanette Hughes appointed Raytheon Vice President Internal Audit

WALTHAM, Mass., July 12, 2018 /PRNewswire/ -- Raytheon Company (NYSE: RTN) today announced that it has appointed Jeanette Hughes Vice President Internal Audit, effective September 4, 2018. Hughes succeeds Larry Harrington, who is retiring after 14 years with Raytheon. Hughes currently serves as Vice President Internal Audit for Ingram Micro Inc., a global leader in technology and supply chain services based in Irvine, CA.

"I am pleased to welcome Jeanette to Raytheon," said Thomas A. Kennedy, Chairman and CEO of Raytheon. "Her extensive global expertise and experience in supporting business expansion will build upon our legacy of audit excellence and risk mitigation as we execute our global growth strategy."

Hughes joined Ingram Micro in 2006, leading internal audit using a risk-based approach and introducing data analytic strategies to improve risk identification and audit efficiencies. During her tenure with the company she supported audit strategies in a time of significant business expansion into new geographies and lines of business, operating in 52 countries. Hughes and her team provided independent assessment of financial, operational and legal compliance controls on a global scale.

Prior to her current role, Hughes served as SVP and Chief Audit Executive at ACE Limited (now Chubb Ltd.). From 1995-2002, she served in roles of increasing responsibility at Royal and Sun Alliance Insurance, including EVP and Group Chief Auditor based in the UK. Hughes began her career in public accounting at Coopers and Lybrand (now PWC). She is a certified public accountant and holds a bachelor's degree in science with concentrations in finance and accounting from the Wharton School at the University of Pennsylvania.

Harrington Retires after Distinguished Audit Career

Harrington is a Certified Public Accountant and Certified Internal Auditor who has spent most of his career in finance and internal audit. Before joining Raytheon in 2004 he was vice president of Human Resources and vice president of Health Operations at Aetna Inc., and was chief audit executive for several global Fortune 500 companies, including Staples, Aetna Inc. and LTV.

During his tenure at Raytheon, he was a frequent speaker at seminars on auditing, change management, negotiation, and people development and motivation. His work serving as the company's Diversity Champion, as well as successive roles as executive champion for the company's young employee network (YESNet) and the Gay, Lesbian, Bisexual, Transgender and Allies (GLBTA) employee resource groups strongly supported the company's culture of diversity and inclusion.

Earlier this year the Institute of Internal Auditors inducted Harrington into the American Hall of Distinguished Audit Practitioners.

"I want to thank Larry for his service to our board and our company," said Kennedy. "Under his leadership, the Internal Audit function has transformed into an indispensable partner, and our diversity and inclusion efforts were greatly expanded and strengthened. He has been a valued team member for more than a decade and we wish him well in retirement."

About Raytheon
Raytheon Company, with 2017 sales of $25 billion and 64,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 96 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I™ products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Mass. Follow us on Twitter.

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corporate-pr@raytheon.com

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SOURCE Raytheon Company