http://www.irconnect.com/noc/press/pages/news_releases.mhtml?d=84074::snip::
WASHINGTON, Aug. 16, 2005 -- Northrop Grumman Corporation (NYSE:NOC) confirmed today that President George W. Bush has announced his intent to nominate Donald C. Winter, 57, to become Secretary of the Navy. Winter currently serves as corporate vice president and president of Northrop Grumman's Mission Systems sector, a position he has held since January 2000.
Given the time demands of the confirmation process and to avoid any perception of conflict of interest, Winter will step down immediately from his current position. Until the hearings are concluded, he will report to Ronald D. Sugar, Northrop Grumman's chairman, chief executive officer and president, as an executive advisor to the CEO's office.
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Avoid any perception of conflict of interest? Good job guys, way to avoid :applause: