Summary
The Boeing Company (BA) filed an 8-K on August 31, 2009, reporting significant management changes. The most notable event is the planned retirement of Scott E. Carson, Executive Vice President, President and Chief Executive Officer of Boeing Commercial Airplanes, effective January 1, 2010. Mr. Carson will transition to an Executive Vice President role on September 1, 2009, prior to his retirement. In conjunction with these changes, Boeing is also announcing leadership realignments within its major segments. James F. Albaugh, currently EVP, President and CEO of Integrated Defense Systems, will move to lead Boeing Commercial Airplanes as EVP, President and CEO, effective September 1, 2009. Simultaneously, Dennis A. Muilenburg will succeed Mr. Albaugh as EVP, President and CEO of Integrated Defense Systems, also effective September 1, 2009. These executive transitions signal a proactive approach to leadership succession and strategic positioning within Boeing's key business divisions.
Key Highlights
- 1Scott E. Carson, EVP, President and CEO of Boeing Commercial Airplanes, announced his intention to retire effective January 1, 2010.
- 2Carson will transition to an Executive Vice President role starting September 1, 2009.
- 3James F. Albaugh will move from leading Integrated Defense Systems to head Boeing Commercial Airplanes.
- 4Albaugh's new role as EVP, President and CEO of Boeing Commercial Airplanes begins September 1, 2009.
- 5Dennis A. Muilenburg will succeed Albaugh as EVP, President and CEO of Integrated Defense Systems.
- 6Muilenburg's appointment to lead Integrated Defense Systems is effective September 1, 2009.
- 7The changes were announced via a press release filed as Exhibit 99.1.