CHICAGO, April 21, 2020 /PRNewswire/ -- Boeing [NYSE: BA]
today announced key organization and leadership changes aimed at
driving greater cross-company integration and continuous
improvement; aligning enterprise services to current business
conditions while increasing value; streamlining senior leadership
roles and responsibilities; and preparing now for the post-pandemic
industry footprint. The changes are effective May 1.
A newly formed group — Enterprise Operations, Finance &
Strategy — will consolidate several important areas, bringing
together teams responsible for manufacturing, supply chain and
operations, finance, enterprise performance, strategy, enterprise
services and administration. Led by Greg
Smith, executive vice president, Enterprise Operations, and
chief financial officer, this new global organization will embed
operational excellence and consistent lean principles across Boeing
and its supply chain, and restore production and supply chain
health as Boeing and the broader aerospace industry recover from
the COVID-19 pandemic.
Corporate Audit will join Smith's new group and continue to
report directly to the Boeing Board of Directors Audit Committee as
it does today, providing independent, objective assurance and
advisory services to improve company operations.
Jenette Ramos, senior vice
president of Manufacturing, Supply Chain & Operations, will
bring 34 years of Boeing experience, leadership and operational
skills to a special assignment in support of Smith and Boeing
President and CEO David Calhoun.
The company also is combining its legal and core compliance
programs, including global trade controls, ethics and business
conduct, into a single organization led by Brett Gerry, chief legal officer and executive
vice president of Global Compliance. This approach will enhance
Boeing's already strong compliance and internal governance program
through focused accountability for, and a more integrated approach
to, Boeing compliance responsibilities. It also will help the
company proactively address new legal and compliance
obligations arising from an increasingly complex global regulatory
environment.
To accelerate this important work and to build on the existing
strength of its compliance and ethics program, Boeing soon will
name a chief compliance officer who will be responsible for leading
the company's compliance, ethics and trade control activities. This
person will report to Gerry, with a direct reporting line to
Calhoun and the board's Audit Committee on compliance and ethics
issues.
Finally, Boeing Government Operations, led by Executive Vice
President Tim Keating, will assume
responsibility for the company's Global Spectrum Management
activities, which ensure the safe, efficient and compliant use of
radio frequency spectrum in Boeing products and operations.
"I am confident these changes will drive greater alignment among
our functions; better equip our commercial, defense and space, and
services businesses to deliver on customer commitments in a
changing marketplace; and support our continuous efforts to develop
talent through challenging leadership assignments," said Calhoun.
"Special thanks to Greg, Brett, Tim and Jenette for taking on new
leadership responsibilities."
Coinciding with these organization changes, Diana Sands, senior vice president of the Office
of Internal Governance and Administration, has decided to retire
from Boeing later this year after nearly 20 years with the company
and following a thorough transition of responsibilities.
"Over the past two decades, Diana has played a key role in
developing an industry-leading ethics and compliance program,
served in several critical finance roles and been a strong advocate
for advancing diversity and inclusion across the company," said
Calhoun. "The Boeing Board of Directors and I are deeply grateful
for Diana's leadership, integrity and dedicated service."
Boeing is the world's largest aerospace company and leading
provider of commercial airplanes, defense, space and security
systems, and global services. As a top U.S. exporter, the company
supports commercial and government customers in more than 150
countries. Boeing employs more than 160,000 people worldwide and
leverages the talents of a global supplier base. Building on a
legacy of aerospace leadership, Boeing continues to lead in
technology and innovation, deliver for its customers and invest in
its people and future growth.
Contact
Boeing Communications
media@boeing.com
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SOURCE Boeing