Kevin McAllister, former president and chief executive officer of Boeing Commercial Airplanes, has joined AE Industrial Partners as a senior operating partner, effective immediately.
AE Industrial is a private equity firm specialising in aerospace, defence and government services and power generation.
McAllister will also serve as co-head of the newly formed AE industrial portfolio strategy and optimisation group (PSO group)
Paul McElhinney, an AEI Operating Partner, has been promoted to co-head of the AEI PSO group and senior operating partner.
To assist in maximising the value of all AEI portfolio companies, the AEI PSO group will serve as a resource to each company to help strengthen their strategic planning processes, leverage the firm’s industry relationships to accelerate growth, improve quality and productivity, and foster a strong culture of safety, performance, learning, and people development.
"Having an industry leader of Kevin’s calibre join AE Industrial is not only an honour, but it’s also a sign that the firm is recognized as one of the leading investors in aerospace and defence,” says David Rowe, managing partner, AEI. “We are confident that Kevin’s insights and unparalleled aviation expertise will be a tremendous asset to all of our portfolio companies as they look to improve operations and realize untapped potential. We welcome him to our leadership team.”
“The formation of the PSO group is a natural evolution for the AEI platform given the size of our industrial portfolio and the firm’s value-added approach building businesses to scale,” adds Michael Greene, managing partner, AEI.
“Over the past two decades, AE Industrial has built a stellar reputation as a smart investor that understands the intricacies of deeply technical industries such as aerospace and defence,” says McAllister. “Joining AEI is a perfect opportunity for me and I am excited to partner with Paul, the AEI team, and the companies’ management to unlock greater value in the portfolio.”
McAllister served as president and CEO of Boeing Commercial Airplanes from 2016 through October 2019. Prior to joining Boeing, he spent 27 years with GE Aviation, where he most recently served as president and CEO of GE Aviation Services. McAllister was previously vice president and general manager of global sales and marketing at GE Aviation, where he was responsible for delivering record backlog growth for the business. He holds a bachelor's degree in materials engineering from the University of Pittsburgh.
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