Career Harry Stonecipher

1 career

1.1 mcdonnell douglas
1.2 boeing
1.3 other

career

stonecipher began career @ general motors allison division, worked lab technician , influenced jack welch.

he moved general electric s large engine division in 1960, , began move ranks. became vice president @ ge in 1979, division head in 1984.

in 1987 left sundstrand, became president , ceo in 1989.

mcdonnell douglas

in september 1994, stonecipher elected president , ceo of mcdonnell douglas, holding post until merger boeing in 1997. during period became more of public figure, , began hosting company s quarterly video report. remained on board following successful completion of transaction, serving president , coo (chief operating officer). in 2001, elected vice chairman , retired next year, while continuing serve on board vice chairman.

boeing

stonecipher came out of retirement lead boeing, following resignation of chairman , ceo phil condit in december 2003 on several scandals. these scandals surrounded allegations of documents stolen competitors , hiring of government procurement officer @ time involved in united states air force s kc-767 contract. stonecipher assumed titles of president , ceo, not considered interim appointment there no search initiated new chief executive, while lewis platt became non-executive chairman of board.

under stonecipher s tenure, air force had lifted 20-month suspension of boeing s launching systems group, had been involved in 1 of scandals, allowing them bid on pentagon contracts again. oversaw launch of boeing 787 dreamliner in order challenge airbus. although not evident @ time, results of major changes boeing s airplane program design, sourcing , financing made during stonecipher s , condit s tenures later prove disastrous. shares of company traded high $58.74 in 2005, 54 percent during tenure.

stonecipher submitted resignation upon request of boeing board of directors on march 6, 2005, after internal investigation revealed consensual relationship boeing executive debra peabody. probe found boeing business operations unaffected, peabody s career , compensation not influenced, , there no improper use of company expenses or property. nonetheless, board of directors decided there 0 tolerance on breaches of ethics . wife of 50 years, joan stonecipher, filed divorce days after news of affair became public. stonecipher succeeded president , ceo on interim basis chief financial officer james a. bell, until james mcnerney hired on full-time basis.

other

in october 2010, stonecipher joined board of directors of icontrol systems usa, llc., privately held company providing data management , accounts payable outsourcing major american retailers.