10.17.2008 01:00 AM
Lockheed Martin Exec Appointed New NAB Chief Operating and Financial Officer
Janet McGregor will join NAB on Nov. 3 as chief operating and financial officer. McGregor will oversee the financial operations and investments for the group, and will also be responsible for the following NAB departments: Conventions and Business Operations, Science and Technology, Information Technology and Administration. She will also assist in helping the Television and Radio departments grow membership.

McGregor has experience in business strategy, financial planning, contract negotiations, governance and capital markets. Prior to joining NAB, McGregor worked for 26 years at Lockheed Martin Corp., most recently as president and CEO of the Lockheed Martin Investment Management Co. In that role, she oversaw the investment of Lockheed's pension assets. Prior to that, McGregor served as vice president and treasurer for the aerospace and defense corporation.

"Janet's experience and abilities will greatly benefit our organization, employees and the broadcast stations and networks for which we advocate," said NAB President and CEO David K. Rehr. "I am looking forward to her leadership on the executive team and the guidance and expertise she brings from her years of experience in the private sector."

The expansion of the position to include overseeing operations is part of a strategic restructuring Rehr and NAB's executive committee have initiated to ensure that in these challenging economic times, the association's finances remain strong.

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