Wed, Feb 11, 2009
Commercial Airplanes CFO Named VP Of Finance
Boeing announced Tuesday a
significant restructuring within the company's corporate and
business unit Finance organizations.
As ANN has reported, the planemaker announced
last October it planned to revive its aircraft financing program,
to provide customers for its planes necessary bridge funding to
secure their purchases.
Commercial Airplanes CFO Rob Pasterick has been named vice
president of Finance and corporate controller, reporting to Boeing
Corporate President and Chief Financial Officer James Bell. He
succeeds Harry McGee, 59, who becomes vice president of strategy
integration for internal services, a new position created to drive
long-term efficiencies and greater productivity across the
company's internal business support services.
Ray Ferrari, a 30-year Boeing veteran with broad experience
across the company's defense and commercial businesses, succeeds
Pasterick as Commercial Airplanes chief financial officer. Ferrari
most recently served as vice president of Finance for Network &
Space Systems at Boeing Integrated Defense Systems. Craig Saddler,
now president of Boeing Australia and the South Pacific, will
replace Ferrari. A 27-year veteran with Boeing, Saddler served in a
variety of senior Finance roles before taking his Australian
assignment.
Boeing also named Jon Emery, 51, vice president and controller
of the Commercial Airplanes unit. Emery most recently led the
company's program risk assessment group and internal services
productivity initiatives.
"These rotations and reassignments will broaden the skills and
experiences of our senior team, strengthen our core finance
capabilities, and improve the support we provide to our business
units," said Bell. "Each of these leaders' demonstrated experience
with, and understanding of, our businesses will ensure our
continued focus on execution, functional excellence and seamless
integration across the Boeing enterprise."
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