Boeing executive vice president (EVP), corporate president and chief financial officer (CFO) James Bell has announced plans to retire from the company, effective 1 April 2012. Greg Smith, corporate controller and finance vice president, will succeed Bell as EVP and CFO, effective 1 February 2012. The two will work together over the coming months to ensure a smooth transition.
Diana Sands, vice president of investor relations and financial planning and analysis, has been appointed corporate controller, also effective 1 February 2012.
Boeing Chairman, President and CEO Jim McNerney said Bell will leave a legacy of leadership in a career marked by exemplary personal and professional accomplishment.
Bell has served as CFO since 2003 and was appointed corporate president in 2008. He served as the company’s interim chief executive officer (CEO) for several months in 2005, immediately preceding president and CEO Jim McNerney.
Bell joined the company in 1972, at what was then Rockwell International, as a staff accountant; Boeing acquired Rockwell’s aerospace business in 1996. His career spans a wide spectrum of assignments and roles across Boeing. Prior to his CFO role, he served as corporate controller. At the business operating group level, he was vice president of contracts for Boeing’s defence and space businesses, and he also served in business management roles for the International Space Station programme.
Smith has more than two decades of aerospace industry experience. Prior to being named corporate controller in February 2010, he led the company’s financial planning and analysis and internal audit groups; served as controller of the Boeing shared services group; and held various leadership and operational roles in supplier management, factory operations and program management. He led investor relations for Raytheon from 2004 to 2008.
Sands joined Boeing in 2001 from General Motors. She has led investor relations and financial planning and analysis since February 2010. She previously held key company positions in corporate treasury and other finance areas. Prior to General Motors, she worked in finance at Ameritech, Helene Curtis and Arthur Andersen.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.