a 20-month suspension of Boeing's Launching Systems Group, which had been involved in one of the scandals, allowing them to bid on Pentagon contracts again. He also oversaw the launch of the Boeing 787 Dreamliner in order to challenge Airbus. Although not fully evident at the time, the results of major changes to Boeing's airplane program design, sourcing and financing made during Stonecipher's and Condit's tenures would later prove disastrous. Shares of the company traded as high as $58.74 in 2005, up 54 percent during his tenure. Stonecipher submitted his resignation upon request of the Boeing Board of Directors on March 6, 2005, after an internal investigation revealed a consensual relationship with Boeing executive Debra Peabody. The probe found that Boeing business operations were unaffected, that Peabody's career and compensation were not influenced, and that there was no improper use of company expenses or property. Nonetheless, the board of directors decided that there would be "zero tolerance on breaches of ethics". His wife of 50 years, Joan Stonecipher, filed for divorce just days after news of his affair became public. Stonecipher was succeeded as president and CEO on an interim basis by Chief Financial Officer James A. Bell, until Board Member James McNerney was hired on a full-time basis. Personal In 1955, at age 18, Stonecipher married Joan in Rossville, Ga. Stonecipher and his wife have two children. In 1995, Stonecipher and his wife Joan celebrated their 40th wedding anniversary in Chicago with friends. In 2005, after the news broke regarding Stonecipher's affair with a Boeing executive, his wife Joan filed for divorce. Stonecipher subsequently married Debra Peabody. Debra Stonecipher bought the historic Moubray House in Edinburgh. References Further reading External links Harry C. Stonecipher bio at Boeing site Harry C. Stonecipher biography 1936 births American chief executives of manufacturing companies Boeing people Living people General Electric employees McDonnell Douglas People from Scott County, Tennessee Tennessee Technological University alumni