Boeing management named Ted Colbert as president and CEO of its Defense, Space, and Security (BDS) business. Colbert succeeds Leanne Caret, who’s retiring following nearly 35 years of service with Boeing and head of BDS since 2016.
Stephanie Pope was appointed as president and CEO of Boeing Global Services (BGS), succeeding Colbert. Currently Boeing Commercial Airplanes CFO, Pope will lead the business unit providing aerospace services for commercial, government, and aviation industry customers worldwide, focused on global supply chain and parts distribution, aircraft modifications and maintenance, digital solutions, aftermarket engineering, analytics, and training. Previously, Pope was CFO of BGS, and has more than 20 years’ service at Boeing.
Until her retirement later this year, Caret will serve as executive vice president and senior advisor to Boeing President and CEO Dave Calhoun, supporting the leadership transition, business continuity, and talent acquisition.
G.S. Precision acquires SMC Aerospace
Brattleboro, Vermont-based G.S. Precision Inc. (GSP), a manufacturer of complex, high-precision components and specialty hardware used in aerospace engines and defense systems, acquired SMC Aerospace.
GSP is a portfolio company of AE Industrial Partners (AEI), a U.S.-based private equity firm specializing in aerospace, defense & government services, space, and other industrial markets. SMC supplies highly engineered hydraulic and fuel tubes, primarily for the aircraft engine market. SMC’s CEO Mark McCarthy will remain with the company and help integrate the business into GSP.
GSP CEO Matt O’Connell, says, “The acquisition of SMC extends our reach within the aerospace industry at a time when demand for these capabilities is only going to increase, enabling us to better serve our customers’ needs.”
“As a family-owned company for more than 50 years, we were committed to finding a partner who understood our business and culture, which we found in both GSP and AEI,” McCarthy says.
Jergens named Scott Halfhill to succeed Mark Kubik, who is retiring, as international product and business manager. Additionally, Halfill will continue to develop Jergens’ distributor network.
Halfhill joins Jergens with more than 20 years of leadership and business development experience in manufacturing. He’s also a former mechanic, crew chief, flight engineer, and unit trainer for the U.S. Army’s 101st Airborne Division.
Precision Drive Systems (PDS) named Doug Lawrence as its product manager and subject matter expert (SME) for its metalworking spindle repair business. Reporting directly to PDS Founder and CEO Allen Turk, Lawrence will train the operations staff in troubleshooting and repairing metalworking spindles, perform on-site spindle analyses, and oversee metalworking spindle repairs and machining applications engineering in North America.