Phebe Novakovic's Net Worth, Age, Family, Salary, and Current Positions

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By Phebe Novakovic

Phebe Novakovic is one of the most influential and powerful businesswomen in the world. She is the chairwoman and CEO of General Dynamics, a leading aerospace and defense company that produces submarines, tanks, jets, and IT systems.

You will be surprised to know that Phebe Novalic is a former CIA operative and the daughter of an Air Force officer. According to Forbes, she ranked as the 25th most powerful woman in business in 2018, with a net worth of $260 million.

If you want to explore more about this inspirational figure, let’s look into Phebe Novakovic’s life story, from her early years and education to her career and achievements.

Quick Facts About Phebe Novakovic

Full Name	Phebe Novakovic
Current Position	CEO of General Dynamics
Birth Date	November 1957
Birth Place	United States
Education	Smith College Wharton School of the University of Pennsylvania
Husband	David Morrison
Children	3 Daughters
Estimated Net Worth	$216 Million

Phebe Novakovic Early Life and Education

Phebe Novakovic is a US-born Business executive. However, her parents hailed from Serbia. But they moved to the United States before her birth in 1957. Born and brought up in the United States, she always desired to be a successful businesswoman one day.

Talking about Phebe Novakovic’s education, she earned her graduation degree from Smith College in Northampton, Massachusetts in 1979. She then enrolled at the Wharton School of the University of Pennsylvania in Philadelphia, Pennsylvania to complete her MBA in 1988.

Phebe Novakoviv Career Timeline and Current Positions

Phebe is a former intelligence officer at the US Central Intelligence Agency. She served for the United States Department of Defense from 1997 to 2001.

During her association with the CIA, she married Michael G. Vickers, who is also a former Under Secretary of Defense for Intelligence and Security, Special Forces soldier, and CIA paramilitary officer. However, the marriage didn’t last long and both decided to end the relationship.

After that, she entered General Dynamics in 2001 and rose to the position of president and COO in 2012. She has been the Chairwoman and CEO of General Dynamics, a leading company in aerospace and defense, since January 2013.

She also holds a seat on the Board of Directors of Abbott Laboratories, a position she has occupied since 2010. Forbes ranked her as the 25th most powerful woman in business in 2018, a significant jump from 56th in 2015 and 65th in 2014. In 2020, she became a director of J. P. Morgan Chase.

Current Position of Phebe Novakovic

Name	Title	Since
JPMorgan Chase & Co. (Banks)	Independent Director	2020
General Dynamics Corporation (Aerospace & Defense)	Vice President-Strategic Planning and Chief Executive Officer (CEO)	2002
General Dynamics Mission Systems, Inc.	Chairman & Chief Executive Officer	2013
Association of the United States Army	Chairman	–
Ford’s Theatre Society	Chairman	1996
Northwestern Memorial Hospital	Director	–
Northwestern University	Trustee	–
Aerospace Industries Association	Director	–
Medal of Honor Foundation, Inc.	Director	2015
The Kennedy Center Corporate Fund	Vice Chairman	–
Northwestern Memorial HealthCare	Director	–
Greater Washington Partnership	Director	–
Northwestern University Clinical & Translational Sciences Inst	Trustee	–
The Business Roundtable	Member	–
The Business Council	Member	–

Awards and Accolades Received by Phebe Novakovic

2023 Wash100 Award
7th Benjamin Franklin Award recipient
Forbes’ List of 100 Most Powerful Women in Business

Phebe Novakovic’s Husband and Kids

Novakovic was previously married to a former Under Secretary of Defense for Intelligence and Security officer, Michael G. Vickers. However, the marriage didn’t last long and both decided to end the relationship.

Currently, Phebe Novakovic is married to David Morrison. The couple tied the knot in 1985. They have three daughters.

Phebe Novakovic Salary and Other Sources of Income

As a Chairman and CEO of General Dynamic Corp, Phebe Novakovic gets an annual salary of approximately $1,700,000. Apart from salary, he received $21,478,167 in total compensation, according to the proxy statement filed in the 2022 fiscal year.

Of this total compensation, he received $1,700,000 as salary, $4,089,000 as a bonus, $4,499,650 as stock options, $10,592,081 as stock, and $597,436 from other sources.

Phebe Novakovic’s Net Worth in 2023

As of November 2023, Phebe Novakovic has an estimated net worth of $216 million. She has 33,230 units of General Dynamics stock, which are valued at more than $190,391,331. She also earned over $7,575,111 from selling GD stock in the past two decades. Besides, she receives $18,313,200 as the Chairman and CEO of General Dynamics.

Current Holdings of Phebe Novakovic

Name

Equities

Percentage

Valuation

General Dynamics Corporation (GD)

(Aerospace & Defense)

809,596

0.30%

$178,896,428

JPMorgan Chase & Co. (JPM) (Banks)

7,769

0.0003%

$1,126,660

Popular Quotes by Phebe Novakovic

“Great leaders inspire people to be the best version of themselves”

“Success is not defined by wealth, but by the impact you have on others”

“The key to success is surrounding yourself with talented individuals and letting them shine”

“The ability to adapt is crucial in today’s rapidly changing business landscape”

“Innovation is the driving force behind progress and growth”

“A strong work ethic is the foundation for achieving your goals”

“Embrace failure as a learning opportunity and use it to propel yourself forward”

“Integrity is non-negotiable in business and in life”

“Having a clear vision is essential for success”

“Strive to make a positive impact in everything you do”

Interesting Facts About Phebe Novakovic

She is a former CIA operative who worked for the agency for several years before joining the Department of Defense in 1997.
She is the daughter of an Air Force officer who was born in Serbia and immigrated to the U.S. after World War II.
She graduated from Smith College, a women’s liberal arts college, in 1979 with a degree in German and government.
She earned her MBA from the Wharton School of the University of Pennsylvania in 1988, where she was a classmate of Jeff Bezos, the founder of Amazon.
She is one of the few female executives in the military-industrial space and has been ranked among the world’s most powerful women by Forbes multiple times.
She led General Dynamics in its $9.8 billion acquisition of IT firm CSRA in 2018, the largest deal in the company’s history.
She is a board member of JPMorgan Chase, one of the largest banks in the world, and Abbott Laboratories, a global healthcare company.
She is a philanthropist who has donated millions of dollars to various causes, such as education, health care, and arts.
She wrote a memoir titled The Real Deal: My Life in Business and Philanthropy, which was published in 2006.
She is married to David Morrison, a retired Army colonel and a former director of the Army’s Office of Economic and Manpower Analysis. They have three children together.