Frank Shrontz | |
---|---|
Assistant Secretary of Defense for Installations and Logistics | |
In office February 10, 1976 –January 19, 1977 | |
President | Gerald R. Ford |
Preceded by | John J. Bennett (Acting) |
Succeeded by | position abolished |
Assistant Secretary of the Air Force for Installations and Logistics | |
In office 1973–1976 | |
President | Richard Nixon Gerald R. Ford |
Preceded by | Lewis E. Turner (acting) [1] |
Succeeded by | J. Gordon Knapp [2] |
Personal details | |
Born | Frank Anderson Shrontz December 14,1931 Boise,Idaho,U.S. |
Spouse | Harriet A. Houghton (died 2012) [3] |
Education | University of Idaho (LLB) Harvard University (MBA) |
Occupation | Corporate Executive |
Military service | |
Branch/service | United States Army |
Years of service | 1954-1956 |
Frank Anderson Shrontz (born December 14,1931) is an American corporate executive and former government official. He is the former CEO and chairman of the Boeing Company.
Born and raised in Boise,Idaho,Shrontz was the son of sporting goods merchant. He graduated from Boise High School in 1949 and the University of Idaho in Moscow in 1954 with a Bachelor of Laws degree. [4] While at Idaho he served as chapter president of Beta Theta Pi fraternity. [5] Following a commission and service in the U.S. Army from 1954–1956,he attended the Harvard Business School where he received an MBA in 1958 and then joined Boeing.
Beginning in 1973,Schrontz served in the Nixon and Ford administrations at the Department of Defense,and returned to Boeing in January 1977 as a vice president in charge of contract administration and planning. He later became a division head managing production of 707,727,and 737 aircraft. During the oil crisis of the 1970's he was a proponent of the mid-range 737 jetliner rather than the longer range and more fuel efficient 757 and 767. This was a successful decision,as stabilizing oil prices and airline deregulation soon led the 737 to become Boeing's top selling airframe. [6]
He became president of Boeing in 1984,and served as CEO from 1986–1996. He was chairman of the board from 1988 to 1997. [7] In 1996,Shrontz was succeeded as CEO by Phil Condit. [8]
Schrontz has served on the board of 3M,Boise Cascade Corporation,and Chevron,and as a citizen regent on the Smithsonian Institution's Board of Regents. [9] He is part of the Seattle Mariners ownership group and is a member on the team's board of directors. [10]
While serving on the board of directors for Chevron,a new double-hulled supertanker was named in his honor in November 1998. [11] The South Korean-built ship was renamed the Antares Voyager in 2003 after a change of ownership. [12] [13]
Schrontz married Harriet Ann Houghton,who he met at Idaho,in 1954. They had three sons,and were married for 58 years. [14] Shrontz was inducted into the Junior Achievement U.S. Business Hall of Fame in 2004. Boeing endowed the Frank Schrontz Endowed Chair of Professional Ethics at Seattle University beginning in 1997. [7] He was awarded the Oxford Cup,Beta Theta Pi's most prestigious award,in 1999.
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