BIO:
- Name: Phebe Novakovic
- Title/Position: Chairman and CEO, General Dynamics Corporation
- Industry: Defense, Aerospace, Government Contracting
- Location: Falls Church, Virginia, USA
- Age: 1957
- Net Worth: Estimated at $120 million (2024)
Phebe Novakovic’s Story
Phebe Novakovic is a female leader in the defense industry, renowned for her strategic acumen and unwavering commitment to national security. Born in 1957 to an Air Force officer, she spent much of her childhood in Europe during the Cold War, an experience that instilled in her a profound sense of patriotism and awareness of global threats.
After earning her MBA from the Wharton School of the University of Pennsylvania, Novakovic embarked on a career in public service, including roles at the Central Intelligence Agency and the Department of Defense. In 2001, she joined General Dynamics, a leading aerospace and defense company. Her ascent was swift: from senior vice president in 2005 to president and COO in 2012, and ultimately to CEO and chairman in 2013.
Under her leadership, General Dynamics has navigated complex challenges, including budget sequestrations and shifting defense priorities, while maintaining a focus on innovation and operational excellence.
Career Highlights
Key Milestones:
- 2001: Joined General Dynamics as Director of Strategic Planning.
- 2005: Promoted to Senior Vice President for Planning and Development.
- 2012: Appointed President and Chief Operating Officer.
- 2013: Became Chairman and CEO of General Dynamics.
Achievements:
- Led the $9.8 billion acquisition of IT services firm CSRA in 2018, expanding General Dynamics’ capabilities in government services.
- Consistently ranked among Forbes‘ “Most Powerful Women in Business.”
- Serves on the board of JPMorgan Chase, contributing her expertise in governance and strategic planning.
Phebe Novakovic Net Worth
As of 2024, Phebe Novakovic’s net worth is estimated at approximately $120 million. This wealth has been accumulated through her executive compensation at General Dynamics, including salary, bonuses, and stock options. In 2016, her total compensation was reported at $20.4 million. Her financial acumen and leadership have also been recognized through her board position at JPMorgan Chase.
Phebe Novakovic in the News
- “General Dynamics CEO Wants to Stick to Matters of Principle“
In a 2021 interview, Novakovic discussed the importance of adhering to core principles and the role of corporate leaders in addressing social issues. - “This Is Not a Safe World Now, General Dynamics CEO Says“
Novakovic emphasized the evolving nature of global threats and the need for a robust defense posture in a 2021 conversation.
Quotes by Phebe Novakovic
“I’m fiercely patriotic. I’m proud of that. I think we need to have more of a national dialogue about the importance of patriotism and shared values,” she says to The Washington Post
“You just can’t give up.”
“Chasing revenues that don’t have good earnings doesn’t help us or shareholders one lick.”
FAQs: Most Asked Questions About Phebe Novakovic
What is Phebe Novakovic’s net worth?
As of 2024, her net worth is estimated at approximately $120 million.
How did Phebe Novakovic become successful?
Novakovic’s success stems from her strategic leadership in both government and industry roles, her commitment to national security, and her ability to navigate complex organizational challenges.
What is the net worth of the General Dynamics CEO?
General Dynamics CEO Phebe Novakovic has an estimated net worth of $120 million as of 2024, largely driven by executive compensation and stock holdings.
What are the accomplishments of Phebe Novakovic?
She led General Dynamics through key acquisitions, including the $9.8 billion purchase of CSRA. Under her leadership, the company remained a top defense contractor, and she’s been consistently ranked among the world’s most powerful women in business. She also serves on the board of JPMorgan Chase.
What is Phebe Novakovic’s salary?
In 2016, Phebe Novakovic’s salary and total compensation amounted to over $20.4 million. Her pay includes base salary, bonuses, and stock options tied to performance.
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