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Textron Appoints CFO, Bell Helicopter Gets New CEO

Frank T. Connor was appointed executive vice president and CFO, and John L. Garrison Jr. was named president and CEO of Bell, effective Aug 1.

PROVIDENCE, R.I. (AP) -- Textron Inc. said Tuesday it has appointed a new chief financial officer and president and CEO of its helicopter business.

The Providence, R.I., company announced that Frank T. Connor, a former Goldman Sachs executive, was appointed executive vice president and CFO effective Aug. 1. Connor, 49, most recently was managing director and head of telecom investment banking at Goldman Sachs.

Textron, which manufactures Bell helicopters, Cessna planes and turf-maintenance equipment, said Acting CFO Richard Yates will remain as senior vice president and controller.

The company also John L. Garrison Jr. named president and CEO of Bell, effective Aug 1. He succeeds Richard Millman who is retiring.

Garrison was president of Textron's industrial segment since November 2007, credited for leading operating improvements and product introductions at E-Z-GO golf-cart manufacturing, Jacobsen turf-maintenance equipment vehicles, Greenlee wire and cable installation and automotive supplier Kautex.

Earlier in the day, Textron reported a loss for the second quarter on restructuring charges, but its adjusted earnings beat Wall Street expectations.

Textron shares gained $1.67, or 15 percent, to $12.82 in morning trading.