Summary
Frank Anderson Shrontz (born December 14, 1931) is an American corporate executive and former government official. He is the former CEO and chairman of the Boeing Company.
Frank Shrontz | |
|---|---|
 | |
| Assistant Secretary of Defense for Installations and Logistics | |
| In office February 10, 1976 – January 19, 1977 | |
| President | Gerald R. Ford |
| Preceded by | John J. Bennett (Acting) |
| Succeeded by | position abolished |
| Assistant Secretary of the Air Force for Installations and Logistics | |
| In office 1973–1976 | |
| President | Richard Nixon Gerald R. Ford |
| Preceded by | Lewis E. Turner (acting)[1] |
| Succeeded by | J. Gordon Knapp[2] |
| Personal details | |
| Born | Frank Anderson Shrontz December 14, 1931 Boise, Idaho, U.S. |
| Spouse | Harriet A. Houghton (died 2012)[3] |
| Education | University of Idaho (LLB) Harvard University (MBA) |
| Occupation | Corporate Executive |
| Military service | |
| Branch/service | United States Army |
| Years of service | 1954-1956 |
Early life edit
Born and raised in Boise, Idaho, Shrontz was the son of sporting goods merchant. He graduated from Boise High School in 1949 and the University of Idaho in Moscow in 1954 with a Bachelor of Laws degree.[4] While at Idaho he served as chapter president of Beta Theta Pi fraternity.[5] Following a commission and service in the U.S. Army from 1954–1956, he attended the Harvard Business School where he received an MBA in 1958 and then joined Boeing.
Career edit
Beginning in 1973, Schrontz served in the Nixon and Ford administrations at the Department of Defense, and returned to Boeing in January 1977 as a vice president in charge of contract administration and planning. He later became a division head managing production of 707, 727, and 737 aircraft. During the oil crisis of the 1970's he was a proponent of the mid-range 737 jetliner rather than the longer range and more fuel efficient 757 and 767. This was a successful decision, as stabilizing oil prices and airline deregulation soon led the 737 to become Boeing's top selling airframe.[6]
He became president of Boeing in 1984, and served as CEO from 1986–1996. He was chairman of the board from 1988 to 1997.[7] In 1996, Shrontz was succeeded as CEO by Phil Condit.[8]
Schrontz has served on the board of 3M, Boise Cascade Corporation, and Chevron, and as a citizen regent on the Smithsonian Institution's Board of Regents.[9] He is part of the Seattle Mariners ownership group and is a member on the team's board of directors.[10]
While serving on the board of directors for Chevron, a new double-hulled supertanker was named in his honor in November 1998.[11] The South Korean-built ship was renamed the Antares Voyager in 2003 after a change of ownership.[12][13]
Personal life edit
Schrontz married Harriet Ann Houghton, who he met at Idaho, in 1954. They had three sons, and were married for 58 years.[14] Shrontz was inducted into the Junior Achievement U.S. Business Hall of Fame in 2004. Boeing endowed the Frank Schrontz Endowed Chair of Professional Ethics at Seattle University beginning in 1997.[7] He was awarded the Oxford Cup, Beta Theta Pi's most prestigious award, in 1999.
References edit
- ^ The United States Government Manual (1973-1974)
- ^ The United States Government Manual (1976-1977)
- ^ Obituary: Harriet Shrontz, arts supporter, wife of former Boeing CEO
- ^ "College of Law". Gem of the Mountains, University of Idaho yearbook. 1954. p. 239.
- ^ "Beta Theta Pi". Gem of the Mountains, University of Idaho yearbook. 1954. p. 129.
- ^ "The Biggest Bosses 36. Frank Schrontz Boeing Cool, Calm, and Lawyerly". CNN Money - Fortune Magazine. August 3, 1987.
- ^ a b "Albers School of Business and Economics - Frank Schrontz Chair". seattle.edu. 2021.
- ^ Peltz, James F. (27 February 1996). "Boeing President Named to Succeed Chief Executive". Los Angeles Times.
- ^ "Frank Anderson Shrontz, Idaho '53, Oxford Cup Roll No. 037" (PDF). Beta.org. 2019.
- ^ seattletimes.nwsource.com'Mariners' nearly invisible owners stand firmly behind struggling team' - accessed 26 September 2011
- ^ Press release - 1998-11-30 - accessed 2010-04-10
- ^ aukvisser.nl - supertankers - accessed 2010-04-10
- ^ "Frank A. Shrontz". Archived from the original on 2006-03-27. Retrieved 2008-03-11.
- ^ "Harriet Shrontz, arts supporter, wife of former Boeing CEO". seattletimes.com. 2012.
External links edit
- Boeing.com - Frank Shrontz
- UI Alumni Assoc. Hall of Fame - Frank Shrontz - inducted 1986
- Boise High School Hall of Fame - Frank Shrontz
- Beta Theta Pi.org - Frank A. Shrontz
- Fred Hutchinson Cancer Research Center - Frank Shrontz
- DOD Key Officials History (1947-2014)