Building on his record
The
Jan. 6 appointment of James Bell as chief financial officer of Boeing
was
well-received by many of Boeing's
biggest stakeholders in
the financial community. "He is someone who has proven himself over the years
in finance," Chris Mecray, a senior aerospace analyst with Deutsche Bank, told
the
newsletter Aerospace Daily. "He is a known quantity, has excelled in the organization,
is viewed as
highly competent and is easy to
interact with."
Before this appointment, Bell had served as the acting CFO since November
2003 and as the corporate controller since October 2000.
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BCC mulls options for commercial finance
unit
Boeing Capital Corporation last month said it is considering selling
or "winding
down" its commercial equipment portfolio.
The commercial portfolio, which includes
heavy equipment such as machine tools and steel processing equipment, represents
about 19 percent of Boeing Capital's $12.2 billion in assets. Boeing Capital
has hired Credit Suisse First Boston
LLC to explore "strategic options" for the
portfolio.
"Late last year we began refocusing our strategic direction toward
supporting the
operations of Boeing's business units," said
Boeing Capital President Walt Skowronski. "While the commercial finance business
has
been a solid contributor to Boeing Capital's success, it is not at the core of
our strategic
focus going forward."
Boeing Capital also announced that it will move most of
its operations that are currently located in Long Beach, Calif., to its headquarters
in Renton, Wash.
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