Laurette Koellner

Last updated
Laurette T. Koellner
CitizenshipUnited States
EducationMBA
Alma mater University of Central Florida, Stetson University
SpouseVictor Koellner [1]
ChildrenStacy-Anne [2]

Laurette T. Koellner is an American business executive. She serves on several corporate boards. From 2006 to 2008, she was president of Boeing International; before that, she was senior vice president and a member of the office of the chairman at the company.

Contents

Early life and education

Koellner was raised in Brooklyn, and attended college at the University of Central Florida (UCF). [2] She earned a Bachelor of Science degree in Business Management from UCF in 1977, and an MBA from Stetson University in 1980. [3] [4]

Career

McDonnell Douglas/Boeing

After earning her bachelor's degree in 1977, Koellner began work at McDonnell Douglas as a contract analyst. [5] She spent 19 years at McDonnell Douglas, with an end position of vice president of Internal Audit. [6] 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. [7] [8] [9] [10] In 2000, she was named the senior vice president of the Shared Services group. [11] 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). [12] [13] [14] 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. [15] [16] She remained in this position until her retirement from Boeing in 2008. [17]

ILFC

In 2012, she was named executive chairman at the International Lease Finance Corporation (ILFC), a subsidiary of AIG. [18] The newly created position made her the company's most senior executive, overseeing ILFC CEO Henri Courpron. [19] She stepped down from AIG’s board of directors to take on the role, [20] and in December 2012 announced she would depart once AIG's planned sale of the unit was approved. [21] The sale to AerCap was completed in May 2014. [22]

Board positions

In 2003, she was elected to the board of directors of Sara Lee Corporation as the chairman of the audit committee. [23] [24] [25] When Sara Lee split into Hillshire Brands and Douwe Egberts, she maintained her board position until Hillshire merged with Tyson Foods. [26] [27]

In 2009, she joined the board of directors at Celestica, Inc. [28] and was chair of the audit committee until she retired in 2025. [29] In 2009, she was also named an independent director of American International Group (AIG). [30] [31] She remained in this position through AIG's repayment of its $182.5 billion in government loans. [32] In 2014 she was elected to the Papa Johns board of directors, [33] and in 2015 she joined the Goodyear board. [34] She was named lead director for Goodyear in 2019 and non-executive chairman in 2024. [35] In September 2015, she joined the board of directors of the steel company Nucor. [36]

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. [37] [38] She is also a member of the Council on Foreign Relations [39] and a board member for the University of Central Florida Foundation. [40]

Recognition

References

  1. Paul Nyha (2001-07-30). "When Boeing moves, she'll stay and tend to business". Seattle Post-Intelligencer. seattlepi.com. Retrieved 2013-09-30.
  2. 1 2 "Boeing Frontiers Online". Boeing.com. Retrieved 2013-09-30.
  3. 1 2 "UCF Newsroom". Newsarchive.smca.ucf.edu. 2005-10-28. Archived from the original on 2013-10-15. Retrieved 2013-09-30.
  4. 1 2 "Distinguished Alumni Award". Stetson.edu. Archived from the original on 2014-07-10. Retrieved 2013-09-30.
  5. Jack Roth (2006). "Distinguished Alumna Laurette T. Koellner" (PDF). Pegasus Jan/Feb 2006. 12 (4). UCF: 16–17. Archived from the original (PDF) on 2016-03-04. Retrieved 2013-09-30.
  6. "Laurette T. Koellner Executive Chairman" (PDF). ILFC. Archived from the original (PDF) on 2013-12-30. Retrieved 2013-09-30.{{cite journal}}: Cite journal requires |journal= (help)
  7. Virgin, Bill (2005-03-16). "A chance for Boeing to heal its merger wounds". Seattle Post-Intelligencer. seattlepi.com. Retrieved 2013-10-09.
  8. "Laurette Koellner". Celestica. Retrieved 2013-09-30.
  9. Lane, Polly (1999-03-25). "Business | Boeing Revamps Finance Unit, Realigns Some Key Personnel". Community.seattletimes.nwsource.com. Retrieved 2013-09-30.
  10. "Business | On the move". Community.seattletimes.nwsource.com. 2000-02-07. Retrieved 2013-09-30.
  11. Holmes, Stanley (2000-11-01). "Business | Flying into New Economy". Community.seattletimes.nwsource.com. Retrieved 2013-09-30.
  12. Song, Kyung M. (2002-06-28). "Business & Technology | The man who moved Boeing to Chicago comes back home". Community.seattletimes.nwsource.com. Retrieved 2013-09-30.
  13. "Leadership - International Lease Finance Corporation". Ilfc.com. Archived from the original on 2013-10-15. Retrieved 2013-09-30.
  14. Gates, Dominic (2003-10-31). "Business & Technology | Key changes at Boeing airplane unit". Community.seattletimes.nwsource.com. Retrieved 2013-09-30.
  15. Timmerman, Luke (2004-12-04). "Business & Technology | Boeing sales to get new leadership". Community.seattletimes.nwsource.com. Retrieved 2013-09-30.
  16. "Business & Technology | Boeing replaces two retiring senior executives". Community.seattletimes.nwsource.com. 2006-04-12. Retrieved 2013-09-30.
  17. Tracer, Zachary. "Former Boeing official to oversee AIG jet-leasing unit | Business & Technology". The Seattle Times. Retrieved 2013-09-30.
  18. "Koellner to lead ILFC following CEO's illicit relationship". Flightglobal.com. 2012-06-21. Retrieved 2013-09-30.
  19. Tracer, Zachary (2012-06-22). "Courpron Has Pay Cut After Probe in Latest ILFC Setback". Businessweek. Archived from the original on June 22, 2012. Retrieved 2013-09-30.
  20. Tracer, Zachary (June 21, 2012). "AIG Says Koellner to Lead ILFC as CEO Relationship Probed". Bloomberg. Archived from the original on March 8, 2016. Retrieved October 9, 2013.
  21. Tracer, Zachary (2012-12-10). "ILFC Executive Chairman Koellner to Depart After AIG Sells Unit". Bloomberg. Retrieved 2013-09-30.
  22. "AerCap Finishes $7.6 Billion ILFC Deal as AIG Narrows Aim - Bloomberg". Mobile.bloomberg.com. 2014-05-15. Retrieved 2014-05-27.
  23. "Hillshire Brands". Hillshire Brands. Retrieved 2013-09-30.
  24. "Committee Charters". Hillshire Brands. 2012-10-25. Archived from the original on 2013-08-18. Retrieved 2013-10-09.
  25. Ira Kalb (2012-06-07). "Sara Lee Becomes Hillshire Brands". Business Insider. Retrieved 2013-09-30.
  26. "Sara Lee Completes Its Split". Food Processing. 4 July 2012. Retrieved 25 March 2015.
  27. MCCARTHY, ERIN; PRIOR, ANNA (28 August 2014). "Tyson Completes Acquisition of Hillshire". The Wall Street Journal. The Wall Street Journal. Retrieved 25 March 2015.
  28. Sickels, David (January 18, 2024). "Goodyear announces former Stellantis COO as CEO successor to Rich Kramer". Tire Review Magazine. Retrieved May 14, 2025.
  29. Ahmad, Muzzammil (January 23, 2025). "Celestica Inc Stock Projections: Analyst Insights on Q4 Earnings". Stock Target Advisor. Retrieved May 14, 2025.
  30. 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.
  31. "Laurette Koellner". Forbes. 2012-04-18. Archived from the original on April 27, 2014. Retrieved 2013-09-30.
  32. "AIG Stock Sale Pays Back U.S. Government in Full — AIG, GS — Investing Daily". Investingdaily.com. 2012-09-11. Retrieved 2013-10-09.
  33. Bowling, Caitlin. "Papa John's names new board of directors member". Louisville Business First. Retrieved March 25, 2015.
  34. "Laurette Koellner elected to Goodyear board of directors". Crain's Cleveland Business. February 23, 2015. Retrieved March 25, 2015.
  35. Bradley, Diana (July 8, 2024). "Goodyear promotes Doug Grassian to VP, global communications". PRWeek. Retrieved May 14, 2025.
  36. "Nucor announces the addition of Laurette Koellner to the Nucor Board of Directors". www.metec-tradefair.com. 7 September 2015. Retrieved 2021-05-23.
  37. "UCF College of Business Administration". Bus.ucf.edu. Retrieved 2013-09-30.
  38. "Laurette T. Koellner Bio - UCF Knights - Official Athletics Site". UCF Knights. Retrieved 2013-09-30.
  39. "Membership Roster - Council on Foreign Relations". Cfr.org. Retrieved 2013-09-30.
  40. Lorfink, Robyn (August 11, 2023). "3 Distinguished UCF Alumni, Business Leaders Join UCF Foundation Board". UCF Today. Retrieved May 14, 2025.
  41. Laurette T. Koellner. "Laurette Koellner: Executive Profile & Biography - Businessweek". Investing.businessweek.com. Retrieved 2013-09-30.[ dead link ]
  42. "MEETINGS AND COMMITTEES OF THE BOARD". NYSE. 2008. Archived from the original on 2014-05-28. Retrieved 2013-09-30.{{cite journal}}: Cite journal requires |journal= (help)
  43. Logan, Madia (2014-03-15). "Trailblazers: Honoring the women of". Boeing. Retrieved 2014-05-27.