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Boeing expands CFO Smith's role
June 30th 2017
Boeing chief financial officer (CFO), Greg Smith, just got a lot busier. On Wednesday, the U.S. airplane maker announced an expansion of the responsibilities of Smith, currently the company's CFO and executive vice president of corporate development and strategy. Read More »
Starting July 1, Smith, 51, will serve as CFO and executive vice president of enterprise performance and strategy, adding a range of duties focused on ensuring strong and consistent business performance, continued achievements in innovation and corporate functional excellence.
“This is an evolution of Greg's already substantial and impactful role within our company,” said Boeing chairman, president and CEO, Dennis Muilenburg. “In addition to being responsible for financial management, corporate development and overall company strategy, Greg will oversee and drive key cross-enterprise performance levers that are critical to achieving our growth and performance aspirations and to running our company better and more competitively every day.”
Muilenburg added that the planned retirements later this year of vice chairman, Ray Conner, and senior vice president of programme management, integration and development, Scott Fancher, created a window to consolidate a range of performance-based enterprise efforts under Smith.
Among Smith’s new responsibilities ahead are oversight of the integration and execution of the company's new three business unit strategy, which includes the July 1 launch of Boeing Global Services; acceleration of company-wide innovation, productivity and market-based affordability projects; and leadership of a new talent management system for identifying, developing and deploying general managers and programme managers.
Change near the top at Virgin Australia
At press time, The Sydney Morning Herald reported Virgin Australia’s group executive in charge of domestic and international operations, John Thomas, was leaving the airline with immediate effect. Thomas, who was brought into the carrier from his job as head of the L.E.K. consultancy in Boston less than a year ago, had not worked as a senior airline executive until he moved to Virgin.
Tigerair CEO, Rob Sharp, a former Qantas executive, will act in Thomas’ role until the airline identifies his replacement. Tigerair chief pilot, Peter Wilson, will be in charge of the low-cost carrier while Sharp is at Virgin.
