James F. Palmer is the retired corporate vice president and chief financial officer of the Northrop Grumman Corporation (NYSE: NOC), a global security company and provider of products, systems and solutions in the fields of aerospace, electronics, autonomous systems and technical services, headquartered in Falls Church, Va. For the eight years prior to his retirement in 2015, Palmer served as corporate vice president and was responsible for Northrop Grumman’s overall business management function, which included controller, treasury, contracts and pricing, financial planning, tax, internal audit, investor relations and pension investments.
Palmer’s 45+ year career in finance also includes positions as senior vice president and chief financial officer of Visteon Corporation in Detroit; senior vice president and president of Boeing Capital Corporation, a subsidiary of The Boeing Company in Seattle; and senior vice president and chief financial officer of McDonnell Douglas Corporation in St. Louis.
He began his career as an audit partner with Ernst & Young in St. Louis. A certified public accountant, he is a member of the Financial Executive Institute. Palmer’s broad executive background in the aerospace and defense industry, his service as the chief financial officer of multiple large publicly-traded companies, and his extensive experience with business acquisitions, debt financing and other complex transactions make him well-qualified to serve as a member of the board.
Palmer was elected to The Timken Company board of directors in 2015. He is a member of the Compensation Committee and is the Audit Committee chair.