Posted: Thu, Jun 30, 2005, 7:36 AM ET (1136 GMT)
The Boeing Company is expected to name the head of 3M as its new CEO today, according to press reports. W. James McNerney Jr., a director of Boeing since 2001, will take over the company after a search both within and outside the company. McNerney, formerly the head of GE's jet engine unit, was one of the top choices for the job early on, but initially refused, saying he preferred to stay at 3M. However, news reports indicated that Boeing's board was able to convince McNerney to take the job. McNerney will succeed Harry Stonecipher, who was forced to resign nearly four months ago because of an affair with another company executive.

Related Links:

•  New York Times article
•  Los Angeles Times article
•  Wall Street Journal article