Boeing chief Phil Condit quits

Boeing chairman and chief executive Phil Condit resigned on Monday to draw a line under the "distractions and controversies of the past."

    Condit acted with "characteristic dignity and selflessness"

    He was immediately replaced by new president and chief executive Harry Stonecipher, 67, and by new non-executive chairman Lewis Platt, 62, the company said.

      

    "Boeing is advancing on several of the most important programmes in its history and I offered my resignation as a way to put the distractions and controversies of the past year behind us, and to place the focus on our performance," Condit said in a statement.

      

    Improper recruitment

     

    Boeing sacked chief financial officer Mike Sears recently for improperly recruiting a US Air Force official, Darleen Druyun, at the time she was involved in decisions that affected the company.

      

    Druyun, also fired by Boeing, was closely involved in the $18 billion deal under which the air force would have received 100 new re-fuelling jets from Boeing.

      

    Defence Secretary Donald Rumsfeld has said the Pentagon is investigating whether to suspend the deal.

     

    Stonecipher had retired in May
    2002

    Earlier this year, the aviation and aerospace giant had been sanctioned by the Pentagon for obtaining secret documents from its chief competitor, Lockheed Martin Corp., for a bid on a rocket project.

      

    The new Boeing boss, Stonecipher, had retired from the company in 2002 after working closely with Condit for five years in several roles including vice chairman, president and chief operating officer.

      

    Stonecipher said Boeing had to rebuild its reputation. "We have the right strategy. The task before us is to execute. We need to strengthen our reputation with our customers, employees, investors and the communities in which we operate," he said.

      

    Platt, the non-executive chairman, has been a member of Boeing's board of directors for four years. He was former chairman, president and chief executive of computer group, Hewlett-Packard.

      

    Platt said Condit had acted with "characteristic dignity and selflessness" in recognising that his resignation was for the good of the company. 

    SOURCE: AFP


    YOU MIGHT ALSO LIKE

    Meet the deported nurse aiding asylum seekers at US-Mexico border

    Meet the deported nurse helping refugees at the border

    Francisco 'Panchito' Olachea drives a beat-up ambulance around Nogales, taking care of those trying to get to the US.

    The rise of Pakistan's 'burger' generation

    The rise of Pakistan's 'burger' generation

    How a homegrown burger joint pioneered a food revolution and decades later gave a young, politicised class its identity.

    'We will cut your throats': The anatomy of Greece's lynch mobs

    The brutality of Greece's racist lynch mobs

    With anti-migrant violence hitting a fever pitch, victims ask why Greek authorities have carried out so few arrests.