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."

FMI: www.boeing.com