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The Boeing Company today announced that Mark A. Schmid has been named
vice president - trust investment and chief investment officer, reporting to Walt
Skowronski, senior vice president - finance and treasurer.
Schmid joins Boeing from DaimlerChrysler Corp. in Auburn Hills, Mich., where
he served most recently as director of asset management for the $158-billion
automobile manufacturer. Schmid, 43, will begin his new duties at Boeing on
Aug. 18.
"Mark's expertise in managing investment activities for a large global company
will be a great fit for Boeing," said Skowronski. "His role also will be pivotal to
our ongoing efforts to optimize the performance of our retirement plans.”
A 22-year veteran of corporate finance whose background includes
accounting, tax, controls, treasury and investment management, Schmid will
have responsibility for Boeing trust investments that total in excess of $50
billion. He also will oversee development and implementation of the company’s global investment strategies, ERISA compliance, risk management
and investment administrative functions.
While at DaimlerChrysler Mark oversaw the activities of the company’s $30
billion retirement and savings plans. Prior positions at then-Chrysler Corp.
include director of manufacturing accounting, treasurer of the company’s
Canadian subsidiary, and a variety of senior management roles in balance
sheet and cash forecasting, financial controls, and tax and insurance. Mark
began his career as an auditing supervisor at KPMG in Detroit.
A certified public accountant, Schmid holds a master's degree in business
from Wayne State University and a bachelor’s degree in accounting from the
University of Detroit. He is married with five children. |
