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Textron Names New Financial Chief

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(TXT) - Get Textron Inc. Report

named Ted French executive vice president and chief financial officer, replacing Stephen Key, who is retiring.

French was most recently financial chief of

CNH Global


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, which makes agricultural and construction equipment. He also spent 10 years at


, which merged with

New Holland

in 1999 to form CNH.

Textron, a Providence, R.I., maker of aircraft and spare parts, said French will lead the company's merger and acquisition efforts and become a member of the executive leadership team and management committee.