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Richard L. Yates was appointed senior vice president and corporate controller in August 2004 and, from February 9, 2009 to July 31,2009, was Textron’s acting chief financial officer. Yates joined Textron as vice president and controller in November 1995. He currently reports directly to Lewis Campbell, chairman and chief executive officer. As acting CFO, Richard has oversight for finance, treasury, tax, audit, and risk management operations in addition to his corporate controller responsibilities, which include management of external and internal accounting, financial reporting, and financial planning and analysis. Yates is also a member of Textron's Operating Committee, Management Committee and Transformation Leadership Team.
Yates previously served as executive vice president, chief financial officer
and treasurer of Paul Revere Insurance Group, formerly a subsidiary of Textron,
a position he had held since 1993. Yates joined Paul Revere in 1985 as vice
president, controller and treasurer. In 1987, he was made vice president, treasurer,
and chief financial officer. He retained these responsibilities and was promoted
to senior vice president in 1991.
Before joining Paul Revere, Yates was a partner with the accounting firm of
Arthur Young & Company.
Yates received a B.S. in accounting from Northeastern University, and attended
Textron's Advanced Management Program. He has completed Textron's Global Leadership
program at the University of Pennsylvania's Wharton School. He is also a C.P.A.
He is a member of the American Institute of C.P.A.s, the Manufacturers Alliance
Finance Council II, the Massachusetts Society of C.P.A.s, the Financial Executives
Institute and also serves on the Corporate Executive Board
Controller's Leadership Roundtable. At Textron, Yates serves on the Finance
Council, the Investment Committee, Benefits Committee and the Contributions
Committee.
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