Charlotte-based manufacturer Curtiss-Wright said executive chairman Martin Benante will retire Jan. 1, part of a previously announced succession plan for the company veteran.
Chief executive officer David Adams will add the chairman title after Benante, 62, retires. The company said it will continue to have a lead director to preside over executive sessions of the board.
Benante will stay on the board until Curtiss-Wright’s annual meeting in May.
In a statement, Benante said Adams “clearly validated his readiness to take the reins as chairman, and the board and I look forward to working closely with him on his transition to the new role.” Benante had initially planned to retire in April.
After decades in New Jersey, Curtiss-Wright in January shifted its headquarters to Charlotte, where Adams is based. Curtiss-Wright is a maker of defense and industrial products, with roots that stretch to the Wright brothers.