Walt Skowronski To Retire January 1st
Boeing Capital Corporation President Walt Skowronski announced
Thursday that he will retire from the company at the end of the
year.
Boeing has named Mike Cave to Skowronski's leadership role,
effective January 1st, reporting to Corporate President and Chief
Financial Officer James Bell. Beginning Thursday, Cave assumed the
role of deputy to Skowronski to ensure a smooth transition of
customer and investor relationships.
Shep Hill has taken over Cave's responsibilities as senior vice
president of Business Development and Strategy, while retaining his
role as President, Boeing International.
Skowronski, 60, who also serves as a Boeing senior vice
president, has led Boeing Capital since November 2003. He has been
credited with leading a successful restructuring of the wholly
owned Boeing subsidiary that is primarily responsible for
arranging, structuring and providing financing for Boeing's
commercial airplane, space and defense products. Skowronski
previously served as Boeing's senior vice president of Finance and
Treasurer.
Walter Skowronski
"The board and I appreciate Walt's record of accomplishment,
breaking new ground and building a solid financial base in the
airplane financing market," said Boeing Chairman, President and
Chief Executive Officer Jim McNerney. "Thanks to his leadership and
expertise, Boeing is better able to serve its customers and remains
positioned solidly for continued market success."
Cave, a 26-year company veteran, has led Boeing's Business
Development and Strategy team since November 2007 and has extensive
experience in marketing and finance leadership roles in both
commercial and defense businesses.
"Mike has tremendous knowledge of both Commercial Airplanes and
Integrated Defense Systems operations and markets, as well as the
mechanics of the financing for our products," said Bell. "He also
is well known to our customers, financiers and investors, and will
make a great leader for Boeing Capital."
Cave, 49, has previously served as senior vice president and
chief financial officer of Commercial Airplanes and as vice
president, Finance for Boeing Information, Space & Defense
Systems. He has held a variety of other assignments across the
company's defense and commercial businesses.
Michael Cave
Hill, 56, oversees the company's international affairs and has
leadership responsibilities for 20 Boeing in-country operations
throughout the world. Prior to being named president of Boeing
International, Hill oversaw the Business Development and Strategy
organization for which he is reassuming leadership effective
today.
"Shep has transformed Boeing's international presence,
leveraging the combined power of Boeing's Commercial Airplanes and
Integrated Defense Systems businesses in new fast-growing markets,
all the while enhancing existing customer, government and supplier
relationships around the world," McNerney said. "His global vision
and strong business development experience is a great combination
for effectively leading two important assets for Boeing moving
forward."
Hill, a 22-year company veteran, also served previously as vice
president of Business Development at Boeing Integrated Defense
Systems (IDS) and was responsible for the development, integration
and implementation of IDS customer and business strategies. Hill
joined Boeing when the company acquired Rockwell's Aerospace and
Defense business in 1996.