<!-- Swiftype Variables -->

Pension Funds

Lockheed Martin CIO to retire June 30

Christopher Li, president and chief investment officer of Lockheed Martin Investment Management Co., is retiring effective June 30, company spokeswoman Laura Toole said in an email.

He has been president and CIO of the investment management division of Lockheed Martin Corp., Bethesda, Md., for 11 years.

"We thank Chris for his contributions to LMIMCo and wish him well in his new endeavors. Lockheed Martin is committed to naming a new leader for LMIMCo as soon as possible," the company said in a statement.

Mr. Li oversaw the investments of the retirement plans of Lockheed Martin. As of Sept. 30, the company had $38.5 billion in defined contribution plan assets, according to Pensions & Investments data, and $32.9 billion in defined benefit plan assets as of Dec. 31, according to the company's most recent 10-K filing.

Efforts to reach Mr. Li were unsuccessful.