- William H. Swanson
William H. Swanson (born
1949) is the chairman and chief executive officerof Raytheon Company. Before becoming chairman in January 2004, he was CEO and presidentof the company. Prior to that he was president of the company, responsible for Raytheon’s government and defense operations, including the four Strategic Business Areas of Missile Defense; Precision Engagement; Intelligence, Surveillance and Reconnaissance (ISR); and Homeland Security. Before that, he was a Raytheon executive vice president and president of Electronic Systems.
A native of California, Swanson graduated
magna cum laudefrom California Polytechnic State University, SLOwith a bachelors degree in industrial engineering. He attended a graduate degree program in business administrationat Golden Gate University. He was awarded an honorary Doctorate from Pepperdine University and currently serves on the Board of Regents of Pepperdine. He was selected as the Outstanding Industrial Engineering Graduate in 1972, and in 1991 was recognized as an Honored Alumnus by California Polytechnic State University School of Engineering.
Swanson joined Raytheon in 1972 and has held a wide range of leadership positions, including manufacturing manager of the company’s Equipment Division, general manager of the Missile Systems Division's Andover Plant, senior vice president and general manager of the Missile Systems Division, general manager of
Raytheon Electronic Systems, and president, chairman and chief executive officer of Raytheon Systems Company.
As a protege of Chairman and CEO Dennis Picard and a long-time Raytheon insider, he was the expected candidate to succeed the retiring chairman in the late 90's. However, Daniel Burnham, an outsider, was elected to succeed Dennis Picard as Chairman and CEO. Financial reporting controversies and lagging company performance caused Burnham to retire early from the company. Swanson was then elevated to his current position.
Swanson is also a member of the
board of directorsof Sprint Nextel Corporation[ [http://www.sprint.com/governance/board/ List of Directors] from Sprint's website] , the Congressional Medal of Honor FoundationBoard of Directors [ [http://cmohfoundation.org/_wsn/page3.html Board of Directors] from the website of the Congressional Medal of Honor Foundation] , the California Polytechnic State University President’s Cabinet [cite press release
publisher=California Polytechnic State University
date=May 27, 2005
title=California State University and Cal Poly Award Raytheon Co. CEO Honorary Doctorate
accessdate=2006-05-15 ] ,and the
Rose Kennedy Greenwayboard [ [http://www.cityofboston.gov/bra/press/PressDisplay.asp?pressID=250 Board members chosen for Greenway Conservancy] , a press release from the website of the Boston Redevelopment Authority] . Pepperdine Universitymade him a member of their board of regents[ [http://www.pepperdine.edu/welcome/about/administration/board.htm Board of Regents] from the Pepperdine University website] and awarded him an honorary Doctor of Laws degree. He received the Woodrow Wilson Award for Corporate Citizenship.
Swanson is also a member of the
Secretary of the Air ForceAdvisory Board and is a trustee of the Association of the United States Army. He serves as a member of the National Defense Industrial Association, the Navy League, the Air Force Association, and the Board of Governors of the Aerospace Industries Association. He is a member of the CIA Officers Memorial Foundation board of advisors, an associate fellow of the American Institute of Aeronautics and Astronautics, and a member of the President’s National Security Telecommunications Advisory Committee.
April 24, 2006, in a statement [cite web | title=Raytheon Chairman & CEO Comments Regarding 'Unwritten Rules'| work=Raytheon News Release | url= http://www.prnewswire.com/cgi-bin/micro_stories.pl?ACCT=149999&TICK=RTN&STORY=/www/story/04-24-2006/0004346311&EDATE=Apr+24,+2006| accessdate=2006-05-02] released by Raytheon, Swanson admitted to plagiarismin claiming authorship for his booklet, "Swanson's Unwritten Rules of Management," after being exposed by The New York Times. On May 2, 2006, Raytheon withdrew distribution of the book. [>cite news|url=http://www.boston.com/news/local/massachusetts/articles/2006/05/02/raytheon_halts_distribution_of_controversial_booklet_by_ceo/ |title=Raytheon halts distribution of controversial booklet by CEO|author=|publisher=AP/Boston.com|date= 2006-05-02|accessdate=2006-05-02] On May 3, 2006, Raytheon punished Swanson by reducing his compensation by approximately $1 million for publishing what was "later found to have been taken from a 1944 engineering classic, "The Unwritten Laws of Engineering," by W. J. King." [cite news|url=http://www.nytimes.com/2006/05/03/business/03cnd-raytheon.html|title=Raytheon Punishes Chief Executive for Lifting Text|author=LESLIE WAYNE|publisher= The New York Times|date= 2006-05-03|accessdate=2006-05-03] Further investigation by the Boston Herald revealed that Swanson had also copied some of "his" rules from Secretary of Defense Donald Rumsfeldand columnist Dave Barry[http://www.cbsnews.com/stories/2006/05/11/national/main1611434.shtml] . The Boston Globe, the major newspaper in Raytheon's home town, reported "the move was largely symbolic given Swanson's robust $7 million pay package in 2005." [>cite news|url=http://www.boston.com/business/technology/articles/2006/05/04/ceo_gets_1m_slap_for_misuse_of_maxims/|title=CEO gets $1m slap for misuse of maxims|author=Robert Weisman|publisher= The Boston Globe|date= 2006-05-04|accessdate=2006-05-10]
* [http://www.raytheon.com/newsroom/stellent/groups/public/documents/legacy_site/cms01_052438.pdf Biography of William H. Swanson] (in PDF format), from Raytheon's website
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