General Dynamics (GD) Reports Election of Robert K. Steel to Board

The board of directors of General Dynamics (NYSE: GD) has elected Robert K. Steel to be a director of the corporation, effective February 3. He has been appointed to serve on the Finance and Benefit Plans Committee.

Steel, 69, is a partner at Perella Weinberg Partners, a global financial services firm. His previous positions include New York City's deputy mayor for Economic Development, CEO and president of Wachovia Corporation and undersecretary of the U.S. Treasury for Domestic Finance. Steel spent nearly 30 years at Goldman Sachs, rising to head of its Global Equities division and vice chairman of the firm.

"Bob has a deep background in both finance and government service that will be an asset to our board," said Phebe N. Novakovic, chairman and chief executive officer of General Dynamics. "Bob's demonstrated commitment to sustainability will also enrich our sustainability initiatives."

Steel is a graduate of Duke University and the University of Chicago's Booth School of Business. He serves on several non-profit boards including as chair of the Sustainable Accounting Standards Board Foundation and as a trustee of the Economic Club of New York and the Aspen Institute.

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