CD&R announced the appointment of Michael Harrington as Risk Director, a new position that will provide strategic risk management guidance at both the portfolio and enterprise level.
Harrington has over two decades of experience identifying, addressing and managing risks, most recently as VP of Risk Management and Assistant Secretary at Lockheed Martin Corporation, the world’s largest defense contractor by revenue, with over 120,000 employees globally. Within this role, Harrington also participated in contract negotiations and assisted in the design and purchase of domestic and international insurance programs.
In his eight years at Lockheed Martin, Harrington transformed the company’s approach to risk by embedding risk management practices at the enterprise level and making it a component of the company’s overall strategy, including through the development and integration of a Risk Management Information System that modernized Lockheed Martin’s data management.
In 2020, Harrington launched a coalition of risk professionals and other leaders across the Defense Industrial Base as part of a joint insurance effort between industry, NASA and the U.S. government to reinvigorate the national space program.
Before Lockheed Martin, Harrington was an in-house attorney at Textron, a multi-national aviation and aerospace component manufacturing company. After three years in this capacity, he transitioned to a new role as Director of Risk Management, where he was responsible for all domestic and international security and insurance programs, as well as the management and allocation of an $84 million annual premium budget. From 2008 to 2011, Harrington worked at the Dell/EMC Corporation as a Senior Director of Risk Management. Following this, he held a similar role at Jabil Circuit, a multi-national manufacturing and logistics enterprise with approximately $35 billion in revenue and contracts with brands like Raytheon, Apple, Cisco, HP and Sony. During his time at Jabil, Harrington headed the implementation of substantial local insurance coverage for all lines of insurance in over 44 countries.
Before entering the private sector, Harrington spent nine years on active duty with the United States Army, achieving the rank of Major with the 10th Special Forces Group. Harrington holds a B.A. in History from Norwich University, a J.D. from Boston University and an M.A. in Government from Harvard University.
KEY QUOTES:
“We are thrilled to welcome Michael and believe he will be a valuable addition to our team. We are confident his leadership, experience and expertise will strengthen the risk management practices and culture of CD&R and that of our portfolio businesses and further enable strong growth.”
- CD&R Vice Chairman John Krenicki
“I am honored to join CD&R and do my part to support the Firm’s long-term growth. I look forward to taking steps to further strengthen CD&R’s risk infrastructure and drive strategic initiatives and ensure that the Firm continues to develop and deploy compelling value creation plans while mitigating potential risks.”
- Michael Harrington
