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TEXTRON 2016 PROXY STATEMENT
Dain M. Hancock
Director Since 2005
Lord Powell of
Bayswater KCMG
Director Since 2001
Mr. Hancock, 74, was Executive Vice President of Lockheed Martin Corporation and President of
Lockheed Martin’s Aeronautics Company until his retirement in January 2005. Lockheed Martin is
principally engaged in the research, design, development, manufacture and integration of advanced
technology systems, products and services. He joined Lockheed Martin in 1993 as Vice President
when Lockheed acquired General Dynamics Corporation’s military aircraft business, with which
Mr. Hancock began his industrial career. Mr. Hancock served in various key executive positions
before becoming President of Lockheed Martin Tactical Aircraft Systems in 1995 and Executive
Vice President of Lockheed Martin Corporation and President of the Aeronautics Company in 2000.
Lord Powell, 74, previously served as Private Secretary and advisor on foreign affairs and defense
to British Prime Ministers Margaret Thatcher and John Major from 1983 to 1991. He is a director of
LVMH Moët Hennessy-Louis Vuitton (since 1996), Mandarin Oriental International Limited (since
1992), and Hong Kong Land Holdings Limited (since 2008) and was a director of Caterpillar Inc. (from
2001 through 2013) and of Schindler Holding Ltd. (from 2003 through March 2014). In January 2015,
Lord Powell became an Advisory Director of Northern Trust Corp.
Experience, Qualifications, Attributes and Skills
Mr. Hancock’s extensive expertise in driving and growing business within the highly competitive
aerospace and defense arena, developed through his 39-year career at Lockheed Martin and General
Dynamics, provides insight to the Board in overseeing Textron’s defense and aerospace businesses.
He brings to Textron a deep understanding of working with the Department of Defense (i.e. program
management, contracting, international defense markets), as well as aerospace manufacturing and
general management.
Experience, Qualifications, Attributes and Skills
Lord Powell has extensive international business and national security experience garnered
through distinguished high-level government service and service in the private sector. He is an
expert on many global regions where Textron does business and has keen insight into geopolitical
considerations that affect Textron’s efforts to increase its worldwide footprint. He also has a
deep understanding of two significant Textron markets: international defense industries and the
requirements of governments for equipment and services and has developed significant experience
in matters relevant to executive compensation.