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Friday, July 01, 2005

McNerney: El hombre de los 3 BUSD

Otro CEO de escuela GE exitoso ¿Pero valdrá tanto?

FT.com - Boeing names 3M's McNerney as new chief: "...shares in Boeing closed 7 per cent higher at $66 in New York.Mr McNerney, a director at Boeing since 2001, will assume the roles of chairman, president and chief executive on July 1.
He was thought to have been considered for the position of CEO after Phil Condit was forced to resign in 2003 amid a scandal over procurement. He was again shortlisted when Harry Stonecipher resigned as chief in March following an extramarital affair with a female executive.
On Thursday he said his decision to join Boeing reflected a "late change of heart". Leaving 3M had been difficult, but "as I sit here today I just couldn't be happier".
Boeing said Mr McNerney's pay package would represent a "lateral move" from his compensation at 3M, where he took home $1.6m in base salary and a $3.5m profit-sharing bonus last year, in addition to $467,000 in other compensation.
James Bell, Boeing's acting chief executive, will remain chief financial officer. Jim Albaugh, head of the defence unit, and Alan Mulally, head of the commercial airline division, had also been seen as prospective CEO candidates. Heidi Wood, analyst with Morgan Stanley, said she expected both men to remain with the company.
3M said Robert Morrison, a director, would serve as interim chief executive while it searched inside and outside the company for a permanent successor. The group's stock fell almost 5 per cent to close at $72.30 on Thursday."