Textron Names ex Goldmans MD as Chief Financial Officer

[private]Textron Inc. (NYSE:TXT) today announced that Frank T. Connor, a former Goldman, Sachs & Co. corporate finance executive, has been named Executive Vice President and Chief Financial Officer, effective August 1st. Connor is a 22-year veteran of Goldman, Sachs & Co. where, most recently, he was managing director and head of Telecom Investment Banking. Prior to that, he served as Goldman, Sachs & Co.’s chief operating officer of Telecom, Technology and Media Investment Banking. During his career at Goldman, Sachs & Co., Connor advised companies across a wide range of industries and executed numerous public and private financings and strategic transactions.

“Frank is a welcome addition to the Textron executive team as we focus on improving operating efficiency, enhancing cash flow, and preparing the company for future growth over the long-term,” said Textron Chairman and CEO Lewis B. Campbell. “With his breadth of knowledge and experience from managing businesses within Goldman, Sachs & Co. and working with a wide variety of client companies, Frank will bring valuable perspective and thought leadership to Textron.”

With this appointment, in addition to becoming an officer of the corporation, Connor will oversee all of the company’s financial activities and becomes a member of the Textron Management Committee, comprising the top seven executives of the company. Scott Donnelly, Textron’s president and chief operating officer, will continue to oversee Textron Financial Corporation, along with the rest of Textron’s operating units. Richard Yates, who had been serving as Textron’s acting CFO, will remain as Textron’s senior vice president and controller.

Connor, 49, earned a bachelor’s degree from the University of Notre Dame and a master’s degree in business administration from the University of Chicago. He will be based at Textron’s world headquarters in Providence, RI.

About Textron Inc.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee and Textron Systems. More information is available at www.textron.com. [/private]