George Weintz, former vice president, investments, at Lockheed Martin Corp., died Oct. 20 at age 85 at his home in Las Vegas, said his son Steve in an email.
Mr. Weintz, who retired in 1999, had overseen the Lockheed Corp. pension funds from 1977 until the company's merger with Martin Marietta Corp. in 1995. He became vice president-investments of the combined firm, and worked to establish the Lockheed Martin Investment Management Co., which oversees the company's now $66 billion in retirement plan assets.
Mr. Weintz was what former Pensions & Investments Editor Michael Clowes called an "evolutionary, rather than a revolutionary, in the pension world."
When Mr. Weintz joined Lockheed, the company had $1.4 billion in combined defined benefit and defined contribution plan assets. Inheriting 12 banks and three investment advisers as managers, he chose to stick with them rather than reshape the manager roster in his own image. "I was not a believer in going in and shooting everyone," he said in Mr. Clowes' column announcing Mr. Weintz' retirement.
Before joining Lockheed, Mr. Weintz was an institutional salesman working for the brokerage firm of Thomson McKinnon & Co.
Prior to that, he served in the U.S. Army and had various other jobs, and even appeared as an extra playing a Mountie in the 1954 Alan Ladd film "Saskatchewan." Mr. Weintz related to Mr. Clowes that upon revisiting the film, he was surprised to see the filmmakers had killed him three different times in a battle sequence.
Mr. Weintz is survived by his wife, Susan; sons Steve and Michael; daughter Aimee Allen; and his grandchildren and nieces and nephews. A memorial service will take place on Nov. 3 at St. George's Anglican Church in Las Vegas, Steve Weintz said in his email. In lieu of flowers, the family is asking for memorial contributions to Saint George's.