22 April 2020:In order to drive greater cross-company integration and continuous improvement Boeing has made certain key organizational and leadership changes. To prepare for the post pandemic industry footprint they have formed a new group- Enterprise Operations, Finance & Strategy. This group will consolidate several important areas, bringing together teams responsible for manufacturing, supply chain and operations, finance, enterprise performance, strategy, enterprise services and administration.
This new global organization will embed operational excellence and consistent lean principles across Boeing and its supply chain, and restore production and supply chain health as Boeing and the broader aerospace industry recover from the COVID-19 pandemic.
Greg Smith will be the executive vice president and chief financial officer of Enterprise Operations.
Corporate Audit will join Smith's new group and continue to report directly to the Boeing Board of Directors Audit Committee as it does today, providing independent, objective assurance and advisory services to improve company operations.
Apart from this, Boeing is combining its legal and core compliance programs, including global trade controls, ethics and business conduct, into a single organization. Brett Gerry will be the chief legal officer and executive vice president of Global Compliance.
This approach will enhance Boeing's already strong compliance and internal governance program through focused accountability for, and a more integrated approach to, Boeing compliance responsibilities. It also will help the company proactively address new legal and compliance obligations arising from an increasingly complex global regulatory environment.
Boeing soon will name a chief compliance officer who will be responsible for leading the company's compliance, ethics and trade control activities who will report to Gerry with a direct reporting line to Calhoun and the board's Audit Committee on compliance and ethics issues.
Jenette Ramos, senior vice president of Manufacturing, Supply Chain & Operations will take up a special assignment. She will bring 34 years of Boeing experience, leadership and operational skills to a special assignment in support of Smith and Boeing President and CEO David Calhoun.
Finally, Tim Keating, Executive Vice President, Boeing Government Operations will assume responsibility for the company's Global Spectrum Management activities, which ensure the safe, efficient and compliant use of radio frequency spectrum in Boeing products and operations.
"I am confident these changes will drive greater alignment among our functions; better equip our commercial, defense and space, and services businesses to deliver on customer commitments in a changing marketplace; and support our continuous efforts to develop talent through challenging leadership assignments," said Calhoun. "Special thanks to Greg, Brett, Tim and Jenette for taking on new leadership responsibilities."
Coinciding with these organization changes, Diana Sands, senior vice president of the Office of Internal Governance and Administration, has decided to retire from Boeing later this year after nearly 20 years with the company and following a thorough transition of responsibilities.
"Over the past two decades, Diana has played a key role in developing an industry-leading ethics and compliance program, served in several critical finance roles and been a strong advocate for advancing diversity and inclusion across the company," said Calhoun. "The Boeing Board of Directors and I am deeply grateful for Diana's leadership, integrity and dedicated service."