Raytheon names former Bainee Michael Dumais as chief transformation officer

25 January 2021 Consulting.us 2 min. read
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Aerospace and defense firm Raytheon Technologies has appointed Michael Dumais, a former Bain consultant, as its chief transformation officer.

In the role, Dumais will oversee the recently merged company’s strategic transformation initiatives, including the use of digital technology to enable key business processes and reduce costs. He will report to CEO Gregory Hayes.

Raytheon Technologies was formed from the April 2020 merger of Raytheon Company and UTC, two US aerospace and defense manufacturing giants. The merger formed a company with 195,000 employees and revenues of $97.75 billion.

Since the merger, Dumais has served as EVP of strategy and corporate development, overseeing integration activities such as synergy capture, technology sharing, process integration, and policy harmonization.

Raytheon names former Bainee Michael Dumais as chief transformation officerDumais previously worked at UTC and its subsidiaries for 22 years, holding senior roles including EVP of operations and strategy at UTC, president of power control and sensing systems at UTC Aerospace Systems, and president of Hamilton Sundstrand.

Before joining UTC, Dumais spent four years at Bain & Company’s Boston headquarters, where he was a manager focusing on clients in aerospace, computer hardware, and medical equipment, among other industries.

He started his career at GE, where he was a systems engineer working on communications satellite programs. He holds an MBA from The Wharton School at the University of Pennsylvania, an MS in electrical engineering from the University of Pennsylvania, and a BS in electrical engineering from Virginia Tech.

"Nine months into the post-merger integration, and in light of the downturn and continued uncertainty in commercial aerospace, we see clear opportunities to further harness efficiencies and reduce redundancies across our operations to meet the challenges and capture the opportunities in front of us," said Hayes. "In this new role, Mike will lead company-wide initiatives to drive top-line growth and bottom-line cost reductions to deliver optimal value to stakeholders."

Raytheon in October announced that it was extending its job cuts to 20,000 people, largely at the Pratt & Whitney and Collins Aerospace divisions, as a result of lower commercial aerospace sales due to the pandemic. The layoffs and furloughs represent a 20% headcount cut at the two divisions, with 15,000 staff and 4,000 contractors affected. The firm also had previous plans to cut approximately 1,000 jobs – mostly on the corporate side – as a result of the April 2020 merger.

Raytheon is also reducing its infrastructure by more than 20% - well above the initial 10% goal from the time of the merger.