Most Powerful Women | Phebe Novakovic | General Dynamics | Fortune

Born: 1957 (age 63 years), Pittsburgh, PA
Nationality: American
Net worth: $157 million (November 2019)
Spouse: David Morrison
Education: Wharton School of the University of Pennsylvania, Smith College
Title: Chairman and CEO
Affiliation: General Dynamics

Phebe Novakovic (Serbian Cyrillic: Фиби Новаковић) is an American businesswoman and former intelligence officer. She serves as the Chairwoman and Chief Executive Officer of General Dynamics. As of 2018, she is listed as the world’s 25th most powerful woman in business by Forbes.

Novakovic is of Serbian descent. Phebe Novakovic graduated from Smith College in Northampton, Massachusetts in 1979 and received an M.B.A. from the Wharton School of the University of Pennsylvania in Philadelphia, Pennsylvania in 1988.

She worked for the Central Intelligence Agency. From 1997 to 2001, she worked for the United States Department of Defense.

She joined General Dynamics in 2001. She became president and Chief Operation Officer in 2012. She has served as the Chairman of the Board and Chief Executive Officer of General Dynamics since January 2013.

She has sat on the Board of Directors of Abbott Laboratories since 2010. As of 2018, she is listed as the 25th most powerful woman in the world by Forbes, rising from 56th in 2015 and 65th in 2014.

She is married. In 2012, she earned US$6,887,772. As CEO in 2014, she earned $18.99 million, a majority of which is in company equity.

Increased military spending and a loosening of policies related to selling arms to foreign governments helped boost U.S. defense contractors in 2018—and General Dynamics was no exception. Under Novakovic’s leadership, GD hit $36.2 billion in revenue last year, a 17% gain over 2017—thanks in part to the acquisition of information tech firm CSRA and an increase in its business servicing aging planes.

Disclosure: Smita Nair Jain has nothing to disclose. She doesn’t own stock in any publicly traded companies and does not hold investments in the technology companies. She has equivalent of the American 401(k) plan in India that is automatically managed. (Updated: June 05, 2020)

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