Laurette Koellner

Laurette T. Koellner
Citizenship United States
Education MBA
Alma mater University of Central Florida, Stetson University
Occupation Boards of directors for Celestica, Inc., The Goodyear Tire and Rubber Company, and Papa Johns
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 who served as 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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