Aviation services leader and chief financial officer

Citation

(2003), "Aviation services leader and chief financial officer", Aircraft Engineering and Aerospace Technology, Vol. 75 No. 3. https://doi.org/10.1108/aeat.2003.12775cab.042

Aviation services leader and chief financial officer

Aviation services leader and chief financial officer

The Boeing Company [NYSE: BA] has named four executives to key leadership assignments on its new super-efficient, mid-sized commercial airplane program, designated for development as the Boeing 7E7.

Michael B. Bair is appointed senior vice president of the Boeing 7E7 program. Michael will lead all aspects of the development effort and report directly to Boeing Commercial Airplanes President and Chief Executive Officer, Alan Mulally. Michael is a 24 year Boeing veteran who most recently led the company's Commercial Aviation Services business. He also played a key role in the development of the Boeing 777 and has served in a variety of senior marketing and sales positions.

"Mike is one of our most experienced and effective leaders", Mulally said. "He understands our customers' needs and has a strong engineering and business background. He is absolutely the right choice to lead our new airplane program."

The following senior executives will report to Michael:

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  Walter B. Gillette will be responsible for the full development of the airplane, including engineering, manufacturing and partner alignment. Walter led the company's development work on the enabling technologies of the Sonic Cruiser, which form the foundation of the new airplane. In his 37 years with the company, Walter has worked on every new Boeing commercial jet.

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  John N. Feren will lead sales, marketing and in-service support. John brings 25 years of commercial airplane sales, marketing and program management experience to his new position. Most recently he served as vice president of sales for airlines of the America and leasing companies worldwide.

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  Craig A. Saddler will lead finance and business operations. A 22 year company veteran, Craig has an extensive background in financial operations, most recently serving as chief financial officer of the company's Shared Services Group, president of Boeing Travel Management Co., and interim president of Boeing Realty Corp.

"We are assembling the strongest leadership team possible to continue our development work and bring this exciting new product to market", Alan said. "Each of the leaders we have selected has the depth of experience and skills to work together effectively with our customers and global technology team to create the next great advance in commercial aviation."

In addition, Michael J. Cave will replace Michael Bair as senior vice president of Commercial Aviation Services, reporting to Alan Mulally. Cave previously was chief financial officer for Boeing Commercial Airplanes. During his 20 years with the company, he has held a variety of senior financial management assignments, including vice president of finance for the business he will now lead.

"Mike has done an outstanding job as CFO and has a tremendous understanding of the commercial aviation business", Alan said. "He has all the right skills and experience to lead our services business to long-term, profitable growth through a focus on adding value to our customers' operations."

Robert J. Pasterick is promoted as chief financial officer for Commercial Airplanes, replacing Michael Cave. Robert has 24 years of broad-based Boeing experience and most recently served as Commercial Airplanes' vice president of finance and controller. He will report to Alan with responsibility for overall financial management, contracts, finance and business strategies, and information systems.

"Rob is a solid leader and expert in his field. He will make a great addition to our leadership team", Alan said.