BusinessCompany NewsBoeing FD steps into CEO breach

Boeing FD steps into CEO breach

Boeing makes new finance director interim chief executive.

Boeing, the giant US aerospace group, is to be temporarily headed by its finance director after the resignation of CEO Harry Stonecipher following revalations of an extra-marital affair.

Link: New CFO gets his wings at Boeing

James Bell, who was only made FD in January, will act as interim CEO, although he is not expected to be considered for the top job on a full-time basis, according to the Financial Times.

Bell has a bachelors in accounting from California State University and held various senior auditing and finance positions at Rockwell, before joining Boeing in 1996 when Rockwell was acquired by the aerospace manufacturer.

Stonecipher said of Bell at the time of his appointment: ‘He is a proven, highly skilled manager who has intimate knowledge of our strategy, and champions fiscal transparency.’

Stonecipher resigned his post after an affair with a female executive at the company became public.

Boeing had introduced strict behaviour guidelines after a string of scandals at the company.

Former finance director Mike Sears, received a four-month jail term following a scandal over the recruitment of former Pentagon official Darleen Druyun. Druyun herself received a nine-month sentence. Another former chief exec, Phil Condit, was also forced to resign in an unrelated issue.

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

12m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor