Barbara Borgonovi has been appointed as senior vice president of corporate strategy and development for Raytheon Technologies.
In her role, Borgonovi will report to Chairman and CEO Gregory Hayes and serve as a member of the executive leadership team. She will develop corporate strategies and assess merger and acquisition opportunities to drive growth.
Borgonovi is joining the corporate leadership team from Raytheon Intelligence & Space, where she is currently president of its intelligence, surveillance and reconnaissance systems unit.
“Barbara brings to this critical role two decades of leadership in our defense, intelligence and space businesses, combined with a career’s worth of expertise in engineering and program management,” Hayes said. “With a deep understanding of our portfolio’s core capabilities, Barbara is well positioned to further the strategic optimization and development of our business.”
In Raytheon, Borgonovi has also served as vice president of the integrated communication systems mission area, the lead operations executive in the space and airborne systems business and as director of program operations for the electronic warfare systems mission area.
She transitions to her new role while Michael Dumais moves from chief transformation officer to an outside strategic adviser to Raytheon Technologies. Dumais joined the company in 1998 and also led strategy and development.
“I am incredibly grateful to Mike for his many contributions to our business and his key leadership role in shaping our industry,” Hayes said. “He has established the transformation roadmap that will drive performance and alignment across our enterprise well into the future. Mike has been a trusted advisor to me and to our Board of Directors, ensuring that Raytheon Technologies will remain a leader in aerospace and defense.”