CHICAGO (AP/WCSC) - The head of Boeing's commercial airplanes division is retiring.
Jim Albaugh has run the biggest division at Boeing for almost three years. He was brought in at a time when its expensive new plane, the 787, was struggling with delays. The 787 has now been delivered, along with a revamped version of Boeing's superjumbo 747.
Albaugh is 62. Before running the commercial airplane division, he ran Boeing's defense business.
"We thank Jim for his many years of service in our defense, space and security businesses and, most recently, to Boeing Commercial Airplanes where he helped ensure the certification and successful entry into service of the 787 Dreamliner and 747-8, and the launch of the 737 MAX," Boeing Chariman, President and CEO Jim McNerney said.
Boeing says Albaugh will be replaced by Raymond L. Conner, who is 57. Conner is a former airplane mechanic who has been with the company since 1977. His most recent job was senior vice president of sales and customer support for Boeing commercial planes.
"Ray's breadth and depth of experience in commercial airplanes is unmatched in our industry," McNerney said. "He has built airplanes, sold airplanes, serviced airplanes, managed our largest programs, knows our customers extremely well, and is respected by our employees. He is the natural next leader of our growing commercial airplanes business and this move is consistent with our executive succession plan."