Textron Completes Beech Deal, Names Leadership Team

 - March 18, 2014, 3:25 PM

Textron closed its $1.4 billion acquisition of Beechcraft on Friday, bringing together Cessna Aircraft and Beechcraft to form Textron Aviation. While the two aircraft manufacturers are now combined within a single segment, “Cessna, Beechcraft and Hawker will each remain distinct brands to preserve their rich histories and respective strengths in the marketplace,” the company said. A Textron spokesman confirmed that “Bell Helicopter is not part of Textron Aviation, and that is not envisioned for the future.”

Scott Ernest, Cessna’s president and CEO since 2011, will lead Textron Aviation as CEO. Wasting no time, Ernest sent an internal memo to employees yesterday outlining the composition of the leadership team, which the Textron spokesman said “is a blend of senior managers from both Cessna and Beechcraft.” Only three of the 14 vice presidents or senior vice presidents on the team are from Beechcraft. Notably, the list does not include Bill Boisture, Beechcraft’s chairman and CEO since 2009, who “is moving on to new opportunities,” the spokesman said.

According to the memo, senior vice presidents include Russ Bartlett, defense; Ron Draper, integrated supply chain; Cindy Halsey, interior design engineering; Chris Hearne, jets; Joe Hepburn, piston aircraft; Bill Schultz, China business development; Kriya Shortt, sales and marketing; Christi Tannahill, turboprop aircraft; Michael Thacker, engineering; Brad Thress, customer service; and Jim Waters, human resources and communications. Rounding out the team are Eric Salander, senior vice president and CFO; Blake Meyan, general counsel vice president; and Dave Rosenberg, vice president of integration and strategy.