Harry Stonecipher
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| Harry Stonecipher | |
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| Born | May 16, 1936 Robbins, Tennessee |
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| Nationality | American |
| Education | Bachelor of Science in Physics, Tennessee Technological University |
Harry C. Stonecipher (born May 16, 1936 ) was the former President and Chief Executive of American aerospace giants McDonnell Douglas and ultimately Boeing.
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[edit] Biography
Stonecipher was born in Robbins, Tennessee.[1]
In 1960, Stonecipher graduated with a Bachelor of Science degree in physics at the Tennessee Technological University.[1]
Stonecipher began his career at General Motors' Allison Division, where he worked as a lab technician. He moved to General Electric's large engine division in 1960, and began to progress up the ranks. He became a vice president at GE in 1979, then a division head in 1984. In 1987 he left for Sundstrand, where he became president and CEO in 1989.[1]
[edit] McDonnell Douglas
In September 1994, Stonecipher was elected President and CEO of McDonnell Douglas, holding this post until its merger with Boeing in 1997. During this period be became much more of a public figure, and even began hosting the company's quarterly video report 90 Days. He remained on the board following the successful completion of that transaction, serving as president and COO (chief operating officer). In 2001, he was elected vice chairman and retired the next year.[1]
[edit] Boeing
Stonecipher submitted his resignation upon request of the Boeing Board of Directors on March 6, 2005, due to an improper relationship with a Boeing executive named Debra Peabody. Boeing said an internal investigation revealed a "consensual" relationship between Stonecipher and the female executive that was "inconsistent with Boeing's Code of Conduct" and "would impair his ability to lead the company". His wife of 50 years, Joan Stonecipher, filed for divorce just days after news of his affair became public.[2]
Chief Financial Officer James A. Bell succeeded him as interim President and Chief Executive.
Stonecipher's predecessor as Boeing CEO, Phil Condit, had resigned in December 2003 following scandals over defense procurement. These scandals surrounded allegations of stolen documents from competitors and the hiring of a government procurement officer who at the time was involved in the USAF's KC-767 contract, a contract of extreme importance to Boeing.[3]
[edit] References
- ^ a b c d Associated Press (March 7, 2005). "Ex-Boeing CEO Harry Stonecipher at a Glance". Los Angeles Times. http://www.latimes.com/sns-ap-stonecipher-biobox,1,5606348.story. Retrieved on 2009-06-30.
- ^ "The Affair That Grounded Stonecipher". 8 March 2005. http://www.businessweek.com/bwdaily/dnflash/mar2005/nf2005038_5360_db035.htm. Retrieved on 10 December 2008.
- ^ "Boeing: What Really Happened". Business Week. 2003-12-15. http://www.businessweek.com/magazine/content/03_50/b3862001_mz001.htm. Retrieved on 2009-06-30.
[edit] External links
| Preceded by Phil Condit |
CEO of Boeing 2003-2005 |
Succeeded by James A. Bell |
