Huntington Ingalls Industries elects former CEO C. Michael Petters to its board
The board also approved increasing its size from eleven members to twelve members.
GetSignal Huntington Ingalls Industries HII
On October 19, 2026, the board of Huntington Ingalls Industries elected C. Michael Petters to its Board of Directors, effective that day. Petters is a former president, chief executive officer and executive vice chairman of the company.
Petters served as president and chief executive officer from March 2011 to March 2022, and as executive vice chairman of the board from March 2022 until his retirement in January 2023. Before joining the company upon its spin-off from Northrop Grumman, he served as president of Northrop Grumman Shipbuilding from 2008 to March 2011 and of Northrop Grumman Newport News from 2004 to 2008.
The board appointed Petters to its Cybersecurity Committee and Finance Committee. The company said he is entitled to an annual cash retainer of $130,000, plus additional retainers of $20,000 each for those two committees, and to an annual equity grant of $195,000 in deferred stock units.
The company said the deferred units are paid at the conclusion of his board service. Retainer fees and the equity grant are prorated for 2026.
Key facts
- Effective
- October 19, 2026
- Board size
- Increased from eleven members to twelve members
- Annual cash retainer
- $130,000
- Committee retainer
- $20,000 each for the Cybersecurity and Finance committees
- Annual equity grant
- $195,000 in deferred stock units
Sources: Form 8-K filed October 20, 2026, and the company's release on GlobeNewswire, October 20, 2026.
Written by GetSignal with AI from the company's press release.
Not investment advice.
