Meet the new boss …

Published 9:00 pm Wednesday, June 29, 2005

Here’s a link to a 2002 Wall Street Journal profile on Jim McNerney and the changes he brought to 3M from General Electric. I quote from it a good bit in one of the stories that will be in tomorrow’s paper.

Key Quote: “He (McNerney) set an ambitious goal of increasing sales and operating earnings by at least 10 percent each year — nearly twice the rate of the past decade. But he resisted barking orders and set about trying to win the hearts and minds of employees. ‘You can’t order change,’ he says. ‘After all, there’s only one of me and 75,000 of them.’”

http://www.careerjournal.com/columnists/inthelead/20020424-inthelead.html

And here’s BizWeek’s Stan Holmes’ story on the McNerney hiring.

Key Quote: “McNerney, already a Boeing director, had turned down the job at least twice in the last two years. But Boeing’s board has had a long love affair with him. The group had approached McNerney as early as 1998 during Boeing’s production snafus to see if the then General Electric Aircraft Engine exec was interested in replacing then Boeing CEO Philip M. Condit.”

http://www.businessweek.com/bwdaily/dnflash/jun2005/nf20050630_2613_db035.htm