Harry Stonecipher


Harry Stonecipher

Infobox Person
name= Harry Stonecipher



image_size = 150px
caption =
birth_date = birth date|1936|5|16
birth_place = Robbins, Tennessee
nationality = American
education = Bachelor of Science in Physics, Tennessee Technological University

Harry C. Stonecipher (born May 16, 1936 in Robbins, Tennessee) is the former President and Chief Executive of American aerospace giant Boeing. He submitted his resignation upon request of the Boeing Board of Directors on March 6, 2005, due to an improper relationship with a Boeing executive named Debra Peabody (who also resigned shortly thereafter.)

Boeing said an internal investigation revealed a "consensual" relationship between Stonecipher and the female executive that was "inconsistent with Boeing's Code of Conduct" and "would impair his ability to lead the company". His wife of 50 years, Joan Stonecipher, filed for divorce just days after news of his affair became public.

Chief Financial Officer James A. Bell succeeded him as interim President and Chief Executive.

Biography

In 1960, he graduated with a Bachelor of Science degree in physics at the Tennessee Technological University.

Stonecipher began his career at General Motors' Allison Division, where he worked as a lab technician. He moved to General Electric's large engine division in 1960, and began to progress up the ranks. He became a vice president at GE in 1979, then a division head in 1984. In 1987 he left for Sundstrand, where he became president and CEO in 1989.

In September 1994 he was elected President and CEO of McDonnell Douglas, and held this post prior to its merger with Boeing in 1997. During this period be became much more of a public figure, and even began hosting the company's quarterly video report 90 Days. He remained on the board following the successful completion of that transaction servering as president and chief operating officer. In 2001 he was elected vice chairman and retired the next year.

His predecessor as Boeing CEO, Phil Condit, resigned in December 2003 following scandals over defense procurement. These scandals surrounded allegations of stolen documents from competitors and the hiring of a government procurement officer who at the time was involved in the USAF's KC-767 contract, a contract of extreme importance to Boeing.

Stonecipher has recently reignited the argument over the loans to the partner companies of Airbus by the European Union, which he considers to be a form of subsidy. He argues that subsidies which were designed to allow the fledgling company to challenge the dominance of Boeing are not acceptable in the current context, where Airbus has overtaken Boeing in orders/deliveries for the first time and is profitable. In the past Airbus has argued that defense contracts awarded to Boeing constitutes a subsidy.

References

External links

* [http://www.boeing.com/history/boeing/stonecipher.html Harry C. Stonecipher executive biography] .
* [http://www.referenceforbusiness.com/biography/S-Z/Stonecipher-Harry-C-1936.html Harry C. Stonecipher biography] .

Persondata
NAME=Stonecipher, Harry C.
ALTERNATIVE NAMES=
SHORT DESCRIPTION=Aerospace executive
DATE OF BIRTH=May 16, 1936
PLACE OF BIRTH=Robbins, Tennessee
DATE OF DEATH=
PLACE OF DEATH=


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Boeing — The Boeing Company Type Public Traded as NYSE: BA NASDAQ:  …   Wikipedia

  • Alan Mulally — For the English cricketer, see Alan Mullally. Alan R. Mulally Born Alan Roger Mulally August 4, 1945 (1945 08 04) (age 66) Oakla …   Wikipedia

  • Lew Platt — Lewis E. Platt, genannt Lew Platt, (* 11. April 1941 in Johnson City, N.Y.; † 8. September 2005 in Petaluma) war ein US amerikanischer Manager und ehemaliger Präsident von Hewlett Packard. Leben Lew Platt absolvierte sein Ingenieurstudium 1964… …   Deutsch Wikipedia

  • Lewis E. Platt — Lewis E. Platt, genannt Lew Platt, (* 11. April 1941 in Johnson City, N.Y.; † 8. September 2005 in Petaluma) war ein US amerikanischer Manager und ehemaliger Präsident von Hewlett Packard. Leben Lew Platt absolvierte sein Ingenieurstudium 1964… …   Deutsch Wikipedia

  • 2003 — This article is about the year 2003. 2003 : January · February · March · April · May · June · July · August · September&# …   Wikipedia

  • Ernest Shackleton — Infobox Person name = Ernest Henry Shackleton image size = 180px caption = Ernest Shackleton birth date = birth date|1874|2|15|df=yes birth place = Kilkea, County Kildare, Ireland death date = dda|1922|1|5|1874|2|15|df=yes death place = South… …   Wikipedia

  • Calendar of 2003 — ▪ 2004 January So long as there is a single Brazilian brother or sister going hungry, we have ample reason to be ashamed of ourselves. Lula, in his inaugural address as president of Brazil, January 1 January 1       The Socialist Lula (Luiz… …   Universalium

  • Dates of 2005 — ▪ 2006 January This is a unique case of a people under occupation being asked to hold free and fair elections when they themselves are not free.… It s an important internal test, and I think it s a turning point. Palestinian legislator Hanan… …   Universalium

  • Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …   Universalium

  • Helenwood, Tennessee — Infobox Settlement official name = Helenwood, Tennessee settlement type = Town nickname = motto = imagesize = image caption = image mapsize = 250px map caption = Location of Helenwood, Tennessee mapsize1 = map caption1 = subdivision type =… …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.