WASHINGTON ¨C Retired U.S. Marine Gen. James Mattis will step down from his board position at General Dynamics Corp. and give up unvested equity awards if confirmed as President-elect Donald Trump¡¯s defense secretary, according to a letter submitted to the Defense Department¡¯s ethics lawyer.
In a letter dated Jan. 5 and made public Saturday, Mattis said he would resign from the board and temporarily recuse himself from matters related to the company, the fifth-biggest U.S. defense supplier with $10 billion in contracts last year.
¡°For a period of one year after my resignation, I will not participate personally and substantially in any particular matter involving specific parties in which I know General Dynamics is a party or represents a party,¡± unless he is authorized to participate, Mattis said. Federal regulations allow for such authorization when it¡¯s determined that the government¡¯s interest in an official¡¯s participation outweighs any reasonable concern related to ethics questions.
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