Textron Boss Said Redenbaugh Didn’t Have ‘Skill Sets’

 - January 25, 2007, 9:01 AM

Commenting on this week’s resignation of Mike Redenbaugh as president of Bell Helicopter and his departure from the company, Lewis Campbell, chairman, president and CEO of parent Textron, said Redenbaugh did a “heck of a job” bringing new business into Bell. However, in a conference call last week to discuss year-end results with financial analysts, Campbell said, “We came to the conclusion that his skill sets were just not what we needed right now.” With respect to new Bell president Richard Millman, Campbell told analysts, “He’s got a real proven track record of focusing on processes, execution, operations and also he is really big on the growth side. And he knows the military customer. I think Dick’s skill sets are a little bit better than Red’s. He’s probably gonna pick some other folks he likes to put in [at Bell Helicopter]. I wouldn’t expect massive changes though.”