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BEIJING, Mar. 9 (Xinhuanet) -- Boeing could face a tough time
searching for a new chief executive officer after it forced the resignation of
Harry Stonecipher, who had engaged in an extramarital affair with an unnamed
female executive.
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Harry Stonecipher
(File photo) | Boeing
simply cannot afford Harry Stonecipher anymore as it is trying to get favor back
from the U.S. Defense Department, its biggest customer.
The Pentagon did $30.5 billion of business with
Boeing in 2004 out of the company's total revenue of $52.5 billion.
Boeing said it will search both inside and outside
the company for its next chief.
But the latest scandal could make it more
difficult to attract someone from the outside as the company will view
any new CEO "under a microscope", analysts say.
It will be especially difficult to find an outside
candidate who has the multinational manufacturing and operational
experience needed to head the aerospace giant.
Among the limited pool of people is board member
Jim McNerney, who heads St. Paul, Minn.-based 3M Co. but has experience in
aerospace. He once served as head of GE Aircraft Engines.
On the other hand, a push to find someone
who is not possibly linked Boeing's ethical lapses could force the company
to pass over internal candidates who are better qualified for the job.
Top internal contenders speculated to replace
Stonecipher are Alan R. Mulally, head of Boeing's commercial plane business, and
James F. Albaugh, head of the company's Integrated Defense Systems
business.
Analysts gave mixed reviews on how the latest scandal
will affect Boeing's outlook. Enditem
(Agencies) |