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Textron Promotes Scott C. Donnelly to President

^{Published on 2009-01-21 07:59:43, Last Modified on 2009-01-21 08:00:12 - Market Wire}
 

PROVIDENCE, R.I.--([ BUSINESS WIRE ])--Textron Inc. (NYSE: TXT) today announced that Chief Operating Officer Scott C. Donnelly has been named president in addition to his COO role. As president, Donnelly will continue to oversee all manufacturing operations as well as Textron's Information Technology, Six Sigma, Engineering and Global Sourcing functions.

"Since his arrival six months ago, Scott has proven to be an extremely talented executive with tremendous vision and operating acuity," said Textron Chairman and CEO Lewis B. Campbell. "I have no doubt that he will continue to excel in this role, particularly as he works closely with me and the rest of the management team to navigate the challenges and opportunities that lie ahead."

Donnelly joined Textron last June after a 19-year career with GE, where he most recently served as president and CEO of GE's $16 billion Aviation unit. He was also a member of the board of GE Capital.

Textron Inc. is a $12.6 billion multi-industry company operating in 28 countries with approximately 42,000 employees. The company leverages its global network of aircraft, defense and intelligence, 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, Textron Systems and Textron Financial Corporation. More information is available at [ www.textron.com ].