LOCKHEED FINANCE CORP. BOARD ELECTS ANDERSON AND WENTE TO NEW POSTS
LOCKHEED FINANCE CORP. BOARD
ELECTS ANDERSON AND WENTE TO NEW POSTS
CALABASAS, Calif., June 24 /PRNewswire/ -- The board of directors of the Lockheed Finance Corp. elected Kathleen H. Anderson to the new position of executive vice president, and elected David O. Wente vice president-general counsel and secretary. Lockheed Finance Corp. (LFC) is a wholly owned subsidiary of the Lockheed Corp. (NYSE: LK), and is headquartered at Burbank, Calif.
Anderson joined Lockheed Finance in 1983 as corporate treasurer. She was elected vice president in 1984. Prior to joining LFC, she worked more than 10 years in international lending, trade finance and corporate wholesale banking. She was graduated from the University of Santa Clara with a degree in economics in 1972. She has completed executive programs at Stanford University in Palo Alto, Calif., and Lockheed Corp. As executive vice president, Anderson will be in the office of the president. She lives with her husband and two sons in Glendale, Calif.
Wente joined Lockheed Finance in 1990 as general counsel and secretary following eight years as assistant chief counsel at Lockheed Aeronautical Systems Co., also in Burbank. Prior to joining Lockheed, Wente was division counsel at Litton Data Systems Division. He earned his bachelor's degree in journalism, and his juris doctor degree at the State University of Iowa. He is a member of the Bar of California and the Bar of Iowa. A native of Iowa, Wente served with the Judge Advocate General's Corps of the United States Army. He is responsible for drafting, negotiating, and reviewing all legal instruments on behalf of Lockheed Finance and its clients.
Lockheed Finance is an asset-based lender specializing in transactions that include the expertise of other Lockheed companies. The company provides financing assistance, leasing, loan syndication and term debt to Lockheed customers and suppliers.
/CONTACT: Bertha Gorman of Lockheed, 818-876-2448/
(LK) CO: Lockheed Finance Corp. ST: California IN: SU: PER AL -- LA021 -- 3352 06/24/92 14:11 EDT