Laurette Koellner

Laurette T. Koellner
CitizenshipUnited States
EducationMBA
Alma materUniversity of Central Florida, Stetson University
SpouseVictor Koellner[1]
ChildrenStacy-Anne[2]

Laurette T. Koellner is an American business executive, the former president of Boeing International.[3][4]

Early life and education

Koellner was raised in Brooklyn, and attended college at the University of Central Florida (UCF).[2] She earned a Bachelor of Science degree in Business Management from UCF in 1977, and an MBA from Stetson University in 1980.[5][6]

Career

McDonnell Douglas/Boeing

After earning her bachelor's degree in 1977, Koellner began work at McDonnell Douglas as a contract analyst.[7] She spent 19 years at McDonnell Douglas, with an end position of vice president of Internal Audit.[8] After the Boeing-McDonnell Douglas merger in 1997, she remained with Boeing, first as vice president and general auditor, before being named vice president and corporate controller in 1999.[9][10][11][12] In 2000, she was named the senior vice president of the Shared Services group.[13] From 2002-2004, she served as a member of the office of the chairman, as well as the company's chief administration and human resources officer (a position she held until 2004).[14][15][16] In 2004, Koellner was named the president of Connexion by Boeing, a position she held until 2006, when she was named the president of Boeing International.[17][18] She remained in this position until her retirement from Boeing in 2008.[19]

ILFC

In 2012, she was named executive chairman at the International Lease Finance Corporation (ILFC), a subsidiary of AIG.[20] The newly created position made her the company's most senior executive, overseeing ILFC CEO Henri Courpron, following revelations that Courpron had been involved in a personal relationship with an employee.[21] As head of ILFC reporting to AIG CEO Robert Benmosche, she stepped down from AIG’s board of directors.[22] In 2012, she announced that she would step down once AIG’s planned sale of the unit was approved.[23] The sale to AerCap was completed in May 2014.[24]

Board positions

In 2003, she was elected to the board of directors of Sara Lee Corporation as the chairman of the audit committee.[25][26][27] When Sara Lee split into Hillshire Brands and Douwe Egberts, she maintained her board position until Hillshire merged with Tyson Foods.[28][29]

In 2009, she was elected the chairman of the audit committee on the board of directors at Celestica, Inc.[30][31] In 2009, she was also named an independent director of American International Group (AIG).[32][33] She remained in this position through AIG's repayment of its $182.5 billion in government loans.[34] In 2014 she was elected member of the Board of Directors for Papa Johns pizza, and in 2015 as a member of the Goodyear board.[35][36] In September 2015, she joined the board of directors of the steel company Nucor.[37]

Advisory positions

Koellner serves on the Dean's Advisory Board of the UCF College of Business Administration, and has also served on the Board of Regents for the University of Portland.[38][39] She is also a member of the Council on Foreign Relations.[40]

Recognition

  • 2003: UCF College of Business Administration Hall of Fame[41]
  • 2005: Distinguished Alumnus Award from UCF.[5]
  • 2011: Distinguished Alumni Award from Stetson University.[6]
  • "Audit committee financial expert" by the New York Stock Exchange.[42]
  • 2014: Featured as the highest-ranking female in the history of the company in the book Trailblazers: The Women of The Boeing Company [43]

References

  1. ^ Paul Nyha (2001-07-30). "When Boeing moves, she'll stay and tend to business". Seattle Post-Intelligencer. seattlepi.com. Retrieved 2013-09-30.
  2. ^ a b "Boeing Frontiers Online". Boeing.com. Retrieved 2013-09-30.
  3. ^ Council, Executive, Boeing Commercial, and Global Presence. "this is Boeing."
  4. ^ Global, F. O. R. T. U. N. E. "Hank Paulson takes on the world." (2007).
  5. ^ a b "UCF Newsroom". Newsarchive.smca.ucf.edu. 2005-10-28. Archived from the original on 2013-10-15. Retrieved 2013-09-30.
  6. ^ a b "Distinguished Alumni Award". Stetson.edu. Archived from the original on 2014-07-10. Retrieved 2013-09-30.
  7. ^ Jack Roth (2006). "Distinguished Alumna Laurette T. Koellner" (PDF). Pegasus Jan/Feb 2006. 12 (4). UCF: 16–17. Archived from the original (PDF) on 2016-03-04. Retrieved 2013-09-30.
  8. ^ "Laurette T. Koellner Executive Chairman" (PDF). ILFC. Archived from the original (PDF) on 2013-12-30. Retrieved 2013-09-30. {{cite journal}}: Cite journal requires |journal= (help)
  9. ^ Virgin, Bill (2005-03-16). "A chance for Boeing to heal its merger wounds". Seattle Post-Intelligencer. seattlepi.com. Retrieved 2013-10-09.
  10. ^ "Laurette Koellner". Celestica. Retrieved 2013-09-30.
  11. ^ Lane, Polly (1999-03-25). "Business | Boeing Revamps Finance Unit, Realigns Some Key Personnel". Community.seattletimes.nwsource.com. Retrieved 2013-09-30.
  12. ^ "Business | On the move". Community.seattletimes.nwsource.com. 2000-02-07. Retrieved 2013-09-30.
  13. ^ Holmes, Stanley (2000-11-01). "Business | Flying into New Economy". Community.seattletimes.nwsource.com. Retrieved 2013-09-30.
  14. ^ Song, Kyung M. (2002-06-28). "Business & Technology | The man who moved Boeing to Chicago comes back home". Community.seattletimes.nwsource.com. Retrieved 2013-09-30.
  15. ^ "Leadership - International Lease Finance Corporation". Ilfc.com. Archived from the original on 2013-10-15. Retrieved 2013-09-30.
  16. ^ Gates, Dominic (2003-10-31). "Business & Technology | Key changes at Boeing airplane unit". Community.seattletimes.nwsource.com. Retrieved 2013-09-30.
  17. ^ Timmerman, Luke (2004-12-04). "Business & Technology | Boeing sales to get new leadership". Community.seattletimes.nwsource.com. Retrieved 2013-09-30.
  18. ^ "Business & Technology | Boeing replaces two retiring senior executives". Community.seattletimes.nwsource.com. 2006-04-12. Retrieved 2013-09-30.
  19. ^ Tracer, Zachary. "Former Boeing official to oversee AIG jet-leasing unit | Business & Technology". The Seattle Times. Retrieved 2013-09-30.
  20. ^ "Koellner to lead ILFC following CEO's illicit relationship". Flightglobal.com. 2012-06-21. Retrieved 2013-09-30.
  21. ^ Tracer, Zachary (2012-06-22). "Courpron Has Pay Cut After Probe in Latest ILFC Setback". Businessweek. Archived from the original on June 22, 2012. Retrieved 2013-09-30.
  22. ^ Tracer, Zachary (2012-06-21). "AIG Says Koellner to Lead ILFC as CEO Relationship Probed". Bloomberg. Retrieved 2013-10-09.
  23. ^ Tracer, Zachary (2012-12-10). "ILFC Executive Chairman Koellner to Depart After AIG Sells Unit". Bloomberg. Retrieved 2013-09-30.
  24. ^ "AerCap Finishes $7.6 Billion ILFC Deal as AIG Narrows Aim - Bloomberg". Mobile.bloomberg.com. 2014-05-15. Retrieved 2014-05-27.
  25. ^ "Hillshire Brands". Hillshire Brands. Retrieved 2013-09-30.
  26. ^ "Committee Charters". Hillshire Brands. 2012-10-25. Archived from the original on 2013-08-18. Retrieved 2013-10-09.
  27. ^ Ira Kalb (2012-06-07). "Sara Lee Becomes Hillshire Brands". Business Insider. Retrieved 2013-09-30.
  28. ^ "Sara Lee Completes Its Split". Food Processing. 4 July 2012. Retrieved 25 March 2015.
  29. ^ MCCARTHY, ERIN; PRIOR, ANNA (28 August 2014). "Tyson Completes Acquisition of Hillshire". The Wall Street Journal. The Wall Street Journal. Retrieved 25 March 2015.
  30. ^ "Laurette T. Koellner of Celestica, Inc. Board of Directors". Research.morningstar.com. Retrieved 2013-09-30.
  31. ^ "STATEMENT OF CORPORATE GOVERNANCE PRACTICES" (PDF). Celestica. Archived from the original (PDF) on 2014-04-27. Retrieved 2013-10-09. {{cite journal}}: Cite journal requires |journal= (help)
  32. ^ Augstums, Ieva M. (2009-05-19). "Business & Technology | 6 independent AIG directors to stand for election | Seattle Times Newspaper". Seattletimes.com. Retrieved 2013-09-30.
  33. ^ "Laurette Koellner". Forbes. 2012-04-18. Archived from the original on April 27, 2014. Retrieved 2013-09-30.
  34. ^ "AIG Stock Sale Pays Back U.S. Government in Full — AIG, GS — Investing Daily". Investingdaily.com. 2012-09-11. Retrieved 2013-10-09.
  35. ^ Bowling, Caitlin. "Papa John's names new board of directors member". Louisville Business First. Retrieved 25 March 2015.
  36. ^ "Laurette Koellner elected to Goodyear board of directors". CRAIN'S CLEVELAND BUSINESS. 23 February 2015. Retrieved 25 March 2015.
  37. ^ "Nucor announces the addition of Laurette Koellner to the Nucor Board of Directors". www.metec-tradefair.com. 7 September 2015. Retrieved 2021-05-23.
  38. ^ "UCF College of Business Administration". Bus.ucf.edu. Retrieved 2013-09-30.
  39. ^ "Laurette T. Koellner Bio - UCF Knights - Official Athletics Site". UCF Knights. Retrieved 2013-09-30.
  40. ^ "Membership Roster - Council on Foreign Relations". Cfr.org. Retrieved 2013-09-30.
  41. ^ Laurette T. Koellner. "Laurette Koellner: Executive Profile & Biography - Businessweek". Investing.businessweek.com. Retrieved 2013-09-30.[dead link‍]
  42. ^ "MEETINGS AND COMMITTEES OF THE BOARD". NYSE. 2008. Archived from the original on 2014-05-28. Retrieved 2013-09-30. {{cite journal}}: Cite journal requires |journal= (help)
  43. ^ Logan, Madia (2014-03-15). "Trailblazers: Honoring the women of". Boeing. Retrieved 2014-05-27.