The exhibit highlights the company's formative years and how it has influenced the Puget Sound region. From 2001 to 2005, McNerney held the position as chairman of the board and CEO of 3M, a $20 billion global industrial company with leading positions in electronics, telecommunications, industrial, consumer and office products, health care, safety and other businesses. Prior to joining GE, McNerney worked at Procter & Gamble and McKinsey & Co., Inc. [10] With more than 160,500 employees, Boeing is the largest manufacturer of commercial airliners and military aircraft, with capabilities in aircraft, rotorcraft, electronic and defense systems, missiles, satellites and advanced information and communications systems. There, he held top executive positions including president and CEO of GE Aircraft Engines and GE Lighting; president of GE Asia-Pacific; president and CEO of GE Electrical Distribution and Control; executive vice president of GE Capital, one of the world's largest financial service companies; and president of GE Information Services. William Boeing Jr. was born on November 22, 1922 in Seattle, Washington, USA as William Edward Boeing Jr. [19], In December 2016, McNerney joined a business forum assembled by then president-elect Donald Trump to provide strategic and policy advice on economic issues. By BRAD WONG, SEATTLE POST-INTELLIGENCER REPORTER. He served as president until December 2013, CEO until July 2015 and chairman until March 2016. "I like to build them up.". degree in 1971. Before Boeing, McNerney served as chairman of the board and CEO of 3M, then a $20 billion global technology company with leading positions in electronics; telecommunications; industrial, consumer and office products; health care; safety; and other businesses. Yesterday, the 82-year-old Seattle resident talked about his father after the opening ceremony for "The Boeing Story: 1916-1934," a new permanent exhibit at The Museum of Flight on East Marginal Way South. William Boeing. The world's largest and most efficient twin-engine jet. McNerney began his business career at Procter & Gamble in 1975, working in brand management. The present corporation is the result of the merger of Boeing with McDonnell Douglas on August 1, 1997. While at Yale, he was a member of Delta Kappa Epsilon fraternity. The exhibit opens to the public tomorrow in the museum's Red Barn, the birthplace of The Boeing Co. Bringing new ideas to life through technology advancements, disruptive market strategies, and venture partnerships. And it changed the world.". McNerney oversaw development of the Boeing 737 MAX. "It is the hope that this will become a catalyst when someone comes through here and will say, 'Hey, this is interesting.' He joined 3M in 2000 after 19 years at General Electric Co. McNerney joined GE in 1982. "There is no stopping. In addition, McNerney was named the 2015 CEO of the Year by Chief Executive magazine and the 2008 National Management Association’s Executive of the Year. Walter James "Jim" McNerney Jr.[1] (born August 22, 1949) is a business executive who was President and CEO of The Boeing Company, June 2005-July 2015. [17] He is a current member of the Northwestern University Board of Trustees, is a Trustee at the Center for Strategic and International Studies[18] and served as Chairman of the President's Export Council, appointed by President Barack Obama. As a young boy, he viewed the Red Barn as a special place, not so much for the engineering and production hubbub in the wooden building. "There are a lot of things in this world that are in discord and tend to tear people down a little bit," he said. During his tenure, the company recaptured the global lead in commercial airplane deliveries with steady increases in production and a comprehensive update of its product line, maintained a strong position in defense markets despite a downturn in U.S. military spending, restored Boeing's historic leadership in human spaceflight with major new program wins, and expanded its engineering and manufacturing footprint inside and outside the United States. The exhibit, in the Red Barn, the birthplace of The Boeing Co., highlights the company's early years and how it has influenced the Puget Sound region. Guided by his steady hand, a small airplane manufacturing company was able to grow into a massive corporation, engaged in a number of related industries. An epic eight-part documentary series 100 years in the making. In 2009, Comrie's estimated personal net worth was $415 million. The stepsons went into aviation manufacturing as a career. Although Seattle residents often associate the Boeing surname with sleek passenger jets or an employer of tens of thousands of people, Boeing Jr. remembers his father as someone who pursued his curiosity, studied things carefully and never dismissed the novel. He received the Juran Medal from the American Society for Quality (ASQ), the Wilson Center’s Woodrow Wilson Award for Corporate Citizenship, the inaugural Turning Point Award from the U.S. Army War College Foundation, the Semper Fidelis Award from the Marine Corps Scholarship Foundation, the John W. Dixon Award from the Association of the U.S. Army, and an honorary Doctor of Science degree from Cranfield University. It was hard. Walter James "Jim" McNerney Jr. (born August 22, 1949) is a business executive who was President and CEO of The Boeing Company, June 2005-July 2015.McNerney was also Chairman from June 2005 until March 1, 2016. He served as Chairman of The Business Council in 2007 and 2008. [14], In 2014, as Chairman and CEO of Boeing, McNerney made $29 million in total compensation. Whenever. He served as president until December 2013, CEO until July 2015 and chairman until March 2016. He died on January 8, 2015 in Seattle. On June 30, 2005, The Boeing Company hired McNerney as the chairman, President and CEO. [15] Of the total: $2,004,231 was received as a salary; $14,400,000 was received as an annual bonus and a three-year performance bonus;[15] $6,272,517 was awarded as stock (none was received in stock options); and other compensation totaling $760,000. Early aviation pioneers, he added, had that interest, that curiosity, that drive to ask questions and seek answers. Wherever. James McNerney Jr. appointed as chairman and chief executive officer)", Bloomberg Businessweek: "Former Boeing Engineers Say Relentless Cost-Cutting Sacrificed Safety", "Pontifications: Muilenburg's departure wouldn't go far enough", 2007 CEO Compensation for W. James McNerney Jr, USA Today: "Compensation for Boeing CEO McNerney soars in 2013", "Boeing CEO's compensation $29M, including $14M bonuses", Salary.com: "2014 Boeing executive compensation for W. James McNerney", The Business Council, Official website, Background, Boeing lives by big government, dies by big government, "Trump is forming an economic advisory team with the CEOs of Disney, General Motors, JPMorgan, and more", W. James McNerney, Jr. executive biography, Future of Flight Aviation Center & Boeing Tour, List of accidents and incidents involving the Boeing 737, Maneuvering Characteristics Augmentation System, Criminal Reduction Utilising Statistical History, https://en.wikipedia.org/w/index.php?title=James_McNerney&oldid=984266991, American chief executives of manufacturing companies, Businesspeople from Providence, Rhode Island, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, This page was last edited on 19 October 2020, at 04:52. A native of Providence, Rhode Island, McNerney earned a Bachelor of Arts from Yale University in 1971 and a Master of Business Administration from Harvard University in 1975. President, CEO, Chairman of the Board. McNerney competed with Robert Nardelli and Jeff Immelt to succeed the retiring Jack Welch as chairman and CEO of General Electric. Bob Watt, a Boeing Co. vice president, reminded guests yesterday that the Boeing dream and vision, in part, have influenced many Seattle-area companies, especially in software, coffee and big-box retail. The William E. Boeing House is located on Huckleberry Lane in The Highlands, Washington. [5], McNerney was born in Providence, Rhode Island. In his brief public remarks, Boeing Jr. reminded guests that his father bought the barn for $10. Together we will innovate and operate to make the world a better place for future generations. McNerney joined General Electric in 1982. After graduating from Yale, he worked for a year at both British United Provident and G.D. Searle, LLC, then attended Harvard Business School, receiving a Master of Business Administration in 1975.[8]. As Boeing's first CEO without a background in aviation, he made the decision to upgrade the 737 series to 737 MAX instead of developing a new model. ". CST-100 Starliner Test Article domes mated into full capsule for first time at Kennedy Space Center. The home was Boeing's principal residence until 1954, just two years before his death. [15][16], McNerney had been a member of the Boeing board of directors since 2001. You keep expanding," he said. It is a private residence and not open to the public. He is the founder of The Brick, one of Canada's largest volume retailers of furniture, mattresses, appliances and home electronics. The couple had a son of their own, William E. Boeing Jr. (1922–2015). That outlook -- that something can be accomplished no matter the odds -- is what helped his father succeed, he said.
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