Ward Tapped for Boeing CIO Post

September 22, 2009 (PLANSPONSOR.com) - Boeing has named Andrew Ward as its new chief investment officer, a position from which he will oversee approximately $65 billion in retirement assets for approximately 550,000 beneficiaries.

A Boeing news release said Ward succeeds Mark Schmid, who stepped down from the post in June to become CIO at the University of Chicago (see Schmid Departs Boeing for University of Chicago ). Ward, 38, most recently was Boeing’s managing director of investment strategy and asset allocation.

“Andy is a very talented investment pro and an outstanding leader,” said Boeing Treasurer Dave Dohnalek in the announcement. “He has been instrumental in developing and implementing the investment strategy that helped our plans deliver better performance than most others during very challenging markets. What’s more, his promotion underscores the breadth of leadership talent we have at Boeing.”

Ward, a chartered financial analyst, will report to Dohnalek as head of the 19-person Trust Investments department in Boeing’s Finance organization. He has been with Boeing since 2002.

Ward earned his Master of Business Administration from the University of Chicago and his Bachelor of Science in marketing from Indiana University.