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Boeing Co News - Dreamliner, Airbus, Jim McNerney

Boeing stock rises as Dreamliner crisis nears end NEW YORK (Reuters) - Investors sent Boeing Co's stock higher on Friday as regulators appeared poised to end a three-month grounding of the high-tech airliner that cost millions of dollars and hurt the reputation of the world's largest planemaker. Airbus seen close to BA deal, adding pressure for Boeing revamp A potential $7 billion order from British Airways for Airbus A350 jets is set to hand Boeing Co its next major challenge as it nears the end of a three-month crisis over the grounding of the 787 Dreamliner, ... Boeing CEO confident that 787 battery fix will work (Reuters) - Boeing Co has high confidence that the proposed fix for the lithium-ion batteries on its grounded 787 passenger jet will work, Chief Executive Officer Jim McNerney said on Thursday.

The Boeing Co. video

Boeing Co News - Dreamliner, Airbus, Jim McNerney

The Boeing Co. video

IBM THINK Forum | Boeing CEO James McNerney on innovation and learning from failure

The Boeing Co. video

Boeing's CEO Visits Michigan Engineering


W. James (Jim) McNerney, Jr., Chairman of the Board, President and Chief Executive Officer
W. James (Jim) McNerney, Jr., is chairman of the board, president and chief executive officer of The Boeing Company.
McNerney, 62, oversees the strategic direction of the Chicago-based, $68.7 billion aerospace company. With more than 170,000 employees across the United States and in 70 countries, Boeing is the world's largest aerospace company and a top U.S. exporter. It is the leading manufacturer of commercial airplanes, military aircraft, and defense, space and security systems; it supports airlines and U.S. and allied government customers in more than 150 nations.
Before taking the helm at Boeing on July 1, 2005, McNerney held the position as chairman of the board and CEO of 3M, then a $20 billion global technology company with leading positions in electronics, telecommunications, industrial, consumer and office products, health care, safety and other businesses. He joined 3M in 2000 after 19 years at the General Electric Company.
McNerney joined General Electric in 1982. There, he held top executive positions including president and CEO of GE Aircraft Engines and GE Lighting; president of GE Asia-Pacific; president and CEO of GE Electrical Distribution and Control; executive vice president of GE Capital, one of the world's largest financial service companies; and president, GE Information Services. Prior to joining GE, McNerney worked at Procter & Gamble and McKinsey & Co., Inc.
By appointment of U.S. President Barack Obama, McNerney chairs the President's Export Council, which operates as an advisory committee on international trade.
He chairs Business Roundtable, an association of chief executive officers of leading U.S. companies; he also serves on the organization's Executive Committee. He is the former chair of The Business Council, the U.S.-China Business Council and the American Society of Corporate Executives.
McNerney has served as a member of the Boeing board since 2001. He is a director of Procter & Gamble, a director of IBM, a member of The Field Museum Board of Trustees in Chicago, a trustee of Northwestern University, and a member of the Northwestern Memorial HealthCare Board. He also serves on the board of directors of FIRSTĀ® (For Inspiration and Recognition of Science and Technology), a not-for-profit organization that seeks to inspire young people's interest and participation in science and technology.
McNerney is a fellow of the American Academy of Arts and Sciences and an honorary fellow of the Royal Aeronautical Society. In 2009, he was awarded an honorary Doctor of Science degree from Cranfield University for his contributions to the international aerospace industry. He received the John W. Dixon Award from the Association of the U.S. Army in 2011 for outstanding contributions to national defense and the Semper Fidelis Award from the Marine Corps Scholarship Foundation in 2012 for service to the United States that exemplifies the Marine Corps motto to remain "Always Faithful." He was named Executive of the Year by the National Management Association in 2008.
A native of Providence, R.I., McNerney earned a B.A. degree from Yale University in 1971 and an M.B.A. from Harvard University in 1975. He is married and has five children. He enjoys skiing, golf, hiking and hockey.
Greg Smith, Chief Financial Officer
Greg Smith is executive vice president and the chief financial officer of The Boeing Company, the world's largest aerospace company. As CFO, Smith is responsible for overall financial management of the company, its financial reporting and transparency, and for multiple corporate functions including Controller, Treasury, Investor Relations, Tax and long-range planning.
Smith, 46, has extensive operational and financial experience in both the commercial and defense businesses of Boeing over nearly two decades of service with the company.
Smith was formerly Corporate Controller and Vice President, Finance, at Boeing beginning in February 2010. As a corporate officer and the company's principal interface with the board of directors' audit committee, Smith was charged with ensuring Boeing's financial disclosures and regulatory compliance remains timely, transparent and efficient.
Prior to that he was Vice President of Corporate Financial Planning and Analysis, leading business plan development, financial forecasting, financial analysis, capital commitment planning and competitive analysis and benchmarking.
Smith rejoined Boeing in 2008 after holding the position of Vice President of Global Investor Relations at Raytheon, where he developed and executed the company's investor relations strategy and served as the primary interface between management and the investment community.
Prior to joining Raytheon, Smith was the Controller for Boeing's Shared Services Group, overseeing that operation's financial accounting and reporting as well as financial planning. Before that, Smith was Director of Internal Audit at Boeing, holding enterprise-wide audit leadership responsibilities. He was also responsible for Boeing's Internal Audit Leadership Development programs. Smith's experience also includes key leadership roles in supply chain, factory operations, finance, and program management.
Smith holds an undergraduate degree in Business Administration. He also holds certificates in design of manufacturing systems from the Massachusetts Institute of Technology and Operations Management from Harvard Business School.
Smith serves on the Board of Trustees for the Chicago Museum of Science and Industry.
Dr. John J. Tracy, Chief Technology Officer
Dr. John J. Tracy is chief technology officer of The Boeing Company and senior vice president of Engineering, Operations & Technology. He reports to Boeing Chairman, President and CEO Jim McNerney.
In addition to serving on the company's Executive Council, he oversees the development and implementation of the enterprise technology investment strategy and provides strategic direction to several functions and business organizations comprising more than 100,000 employees. These include the Engineering, Operations, and Supplier Management functions, and also the Information Technology, Enterprise Technology Strategy, Research & Technology, Test & Evaluation, Intellectual Property Management, and Environment, Health and Safety organizations.
Previously Tracy was vice president of Engineering & Mission Assurance for Boeing Integrated Defense Systems. Tracy had functional management responsibility for the IDS engineering processes, engineering tools, and the 32,000-person engineering team. Prior to this assignment, Tracy was vice president of Structural Technologies, Prototyping, and Quality for the Boeing Phantom Works advanced R&D unit, where he was responsible for advanced materials and processes, structural design and analysis, manufacturing technology, prototype development, and the Phantom Works Quality function.
Tracy has also served as the general manager of Engineering for Boeing Military Aircraft and Missiles in Southern California, the director of the Space and Communications Advanced Engineering organization, the director of Operations Management, and director of Structures Technology for Southern California Phantom Works. He joined McDonnell Douglas as a stress analyst in Huntington Beach in 1981, after serving as a high school science teacher in Los Angeles.
Tracy is a Fellow of the American Society of Mechanical Engineers (ASME) and the past chair of the ASME 6,000-member Aerospace Division. He is also a Fellow of the American Institute of Aeronautics and Astronautics (AIAA) and the Royal Aeronautical Society, and has served as an editorial board member for the AIAA Journal, the Journal of Thin-Walled Structures, and the Journal of Computer Modeling and Simulation in Engineering. He currently serves on the Board of Trustees for the Illinois Institute of Technology and on the engineering advisory board for several leading universities.
Tracy received a PhD in Engineering (1987) from the University of California-Irvine, and a master's degree and a bachelor's degree in Physics respectively from California State University-Los Angeles (1981) and California State University-Dominguez Hills (1976). He has authored more than 30 publications in the areas of composite structural mechanics, launch vehicle structures, smart structures, and aging aircraft.
He is married to Katherine Katsumata Tracy, and they have two grown children: Scott Tracy and Wendy MacGinnis.

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