09:15 AM EDT, 10/29/2025 (MT Newswires) -- Leonardo DRS ( DRS ) said Wednesday William Lynn will retire as chief executive and chair, effective Jan. 1.
Chief Operating Officer John Baylouny will succeed Lynn as CEO, the company said.
Leonardo DRS ( DRS ) also said Frances Fragos Townsend will succeed Lynn as chair.
The company's shares were up 3% in recent Wednesday premarket activity.