Boeing expands CFO Greg Smith's role
Reuters
Published Jun 28, 2017 10:16AM ET
Boeing expands CFO Greg Smith's role
(Reuters) - Boeing Co (N:BA) said on Wednesday its Chief Financial Officer Greg Smith will take on additional roles, ahead of the planned retirement of some of its key executives later this year.
The range of duties that will shift to Smith includes overseeing the launch of Boeing Global Services on July 1, accelerating innovation, productivity and market-based affordability projects and identifying, developing and deploying general managers and program managers.
Boeing Global Services is a new business unit to be formed from the customer services groups within the company's existing commercial airplanes and defense units.
The move comes as Boeing Vice Chairman Ray Conner and Senior Vice President of program management, integration and development programs Scott Fancher are expected to retire this year.
Conner joined Boeing as a mechanic 40 years ago on the 727 assembly line, working his way up to become the company's sales chief and then boss of the commercial planemaking division.
Conner was replaced as head of Boeing Commercial Airplanes last November by former General Electric (NYSE:GE) executive Kevin McAllister.
Chief Executive Dennis Muilenburg said the planned retirements of Conner and Fancher had created a window to consolidate a range of "performance-based enterprise efforts" under Smith.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.