Jack Pelton

According to Morgan Stanley, Textron (NYSE: TXT) announced the retirement of Cessna President Jack Pelton. Morgan Stanley said that Cessna President's retirement strikes as right timing. “With TXT CEO Donnelly running Cessna until a replacement is found, we have heightened conviction for rolling...

According to Deutsche Bank, Textron (NYSE: TXT) announced the immediate retirement of Jack Pelton, CEO of Cessna since 2003 after the close. Deutsche Bank said that TXT's business jet operation accounts for ~25% of total sales and about half of the earnings growth expectation in the next couple of...