The Boeing executive whose romantic relationship with Boeing's chief executive, Harry Stonecipher, led to his ouster has voluntarily resigned, the company said Friday in a statement.
Debra Peabody, a vice president in the company's Washington, DC , office, resigned after an internal Boeing investigation conducted by company lawyers and by outside legal counsel. A notice of Peabody's departure was posted on Boeing's private Web site for employees, although she was not identified by name.
"By mutual agreement, neither Boeing nor the former executive is releasing further information," Boeing said in the posting. The posting also cited Boeing's general counsel, Doug Bain, as saying the executive had "voluntarily left the company."
Stonecipher, 68, was forced to resign last week after the Boeing board received an anonymous tip from a Boeing employee that he was having an extramarital affair with Peabody, 48.
That tip prompted an internal investigation of e-mail messages that Stonecipher had exchanged with Peabody as well as an examination of corporate expense and travel records for the two.
Last Thursday, Stonecipher's wife of 50 years, Joan, filed for divorce in Chicago. In a brief interview with the Chicago Tribune, Joan Stonecipher said she was stunned by her husband's actions. "I'm just as blown away by this as everybody else," she said.
John Dern, a Boeing spokesman, declined to elaborate on Friday's statement or to comment on whether Peabody, who is divorced and had worked at Boeing for more than 20 years, would forfeit any employment benefits.
Stonecipher, who will remain at Boeing until April, is continuing to earn his US$1.5 million annual salary but will not be entitled to a year-end bonus for his work in 2005.
Peabody joined Boeing in 1980 as an engineer and worked for three years in the London office before returning to the United States in 2001 to the company's headquarters, then in Seattle.
She also worked as international sales director for Connexion, a Boeing operation that provides high-speed Internet services to aircraft.
Before joining the Washington government relations office, Peabody worked in the office of Boeing's chairman in Chicago.
The relationship between Stonecipher and Peabody began in January after the two met at a Boeing corporate event in California. A call to Peabody's home in Virginia was not returned.
Stonecipher was brought out of retirement 15 months ago to lead Boeing, succeeding Philip Condit, who was forced to resign. Stonecipher's main task was to restore Boeing's reputation amid a Pentagon procurement scandal that led to the jailing of two former Boeing executives.
As part of that cleanup effort, Stonecipher required that Boeing's 150,000 employees sign a code of ethical conduct. It was that code that the Boeing board found Stonecipher violated by his actions.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
RSS