Laurette Koellner

Laurette T. Koellner
Citizenship United States
Education MBA
Alma mater University of Central Florida, Stetson University
Salary

Boeing (2007) – Salary = $1.6 million, total compensation $11 million[1]

ILFC (2012) - Salary = $950,000 + bonuses[2]
Spouse(s) Victor Koellner[3]
Children Stacy-Anne[4]

Laurette T. Koellner is an American business executive, the former president of Boeing International.[5][6]

Early life and education

Koellner was raised in Brooklyn, and attended college at the University of Central Florida (UCF).[4] She earned a Bachelor of Science degree in Business Management from UCF in 1977, and an MBA from Stetson University in 1980.[7][8]

Career

McDonnell Douglas/Boeing

After earning her bachelor's degree in 1977, Koellner began work at McDonnell Douglas as a contract analyst.[9] She spent 19 years at McDonnell Douglas, with an end position of vice president of Internal Audit.[10] 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.[11][12][13][14] In 2000, she was named the senior vice president of the Shared Services group.[15] 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).[16][17][18] 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.[19][20] She remained in this position until her retirement from Boeing in 2008.[21]

ILFC

In 2012, she was named executive chairman at the International Lease Finance Corporation (ILFC), a subsidiary of AIG.[22] 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.[2] As head of ILFC reporting to AIG CEO Robert Benmosche, she stepped down from AIG’s board of directors.[23] In 2012, she announced that she would step down once AIG’s planned sale of the unit was approved.[24] The sale to AerCap was completed in May 2014.[25]

Board positions

In 2003, she was elected to the board of directors of Sara Lee Corporation as the chairman of the audit committee.[26][27][28] When Sara Lee split into Hillshire Brands and Douwe Egberts, she maintained her board position until Hillshire merged with Tyson Foods.[29][30]

In 2009, she was elected the chairman of the audit committee on the board of directors at Celestica, Inc.[31][32] In 2009, she was also named an independent director of American International Group (AIG).[33][34] She remained in this position through AIG's repayment of its $182.5 billion in government loans.[35] 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.[36][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

Koellner was inducted into the UCF College of Business Administration Hall of Fame in 2003.[41] In 2005, she received a Distinguished Alumnus Award from UCF.[7] In 2011, she received a Distinguished Alumni Award from Stetson University.[8] She has also been designated a "audit committee financial expert" by the New York Stock Exchange.[42] In 2014, she was featured in the book Trailblazers: The Women of The Boeing Company as the highest ranking female in the history of the company.[43]

References

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