Spirit AeroSystems Names Tom Gentile CEO
June 08 2016 - 9:00AM
Dow Jones News
Spirit AeroSystems Holdings Inc. on Wednesday said Chief
Executive Larry Lawson will retire next month and be replaced by
Chief Operating Officer Tom Gentile, whose hiring was announced
four months ago by the fuselage maker amid succession
speculation.
Mr. Lawson, 57 years old, has been with the company since 2013.
Spirit Chairman Bob Johnson credited him with stabilizing critical
programs, divesting nonprofitable business jet programs and winning
new business.
Mr. Gentile, who was previously chief operating officer of GE
Capital, started with Spirit AeroSystems in April, taking charge of
all Spirit programs in addition to aspects of engineering,
operations and business development. His hiring coincided with
reports the company was seeking a chief operating officer as part
of a potential succession plan for the CEO.
"I've spent the last couple of months deeply embedded in the
business—visiting the sites, meeting the teams, and assessing
Spirit's expertise, capabilities and opportunities for growth," Mr.
Gentile said in prepared remarks.
Mr. Gentile spent two decades with GE, including roles as chief
executive of GE Aviation's services division and chief executive of
GE Healthcare Systems. Before GE, he spent more than five years
with McKinsey & Co.
Shares of Spirit, inactive premarket, have risen 4.5% over the
past three months.
Write to Anne Steele at Anne.Steele@wsj.com
(END) Dow Jones Newswires
June 08, 2016 08:45 ET (12:45 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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