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Boeing Commercial's Jim Albaugh retires

June 26, 2012 @ 1:40 pm (Updated: 1:53 pm - 6/26/12 )

Jim Albaugh, who has been with Boeing for 37 years, is retiring in October. Raymond Conner takes over as president and CEO of the Boeing Commercial Airplanes division.

Conner, 57, is one of the guys who's worked his way up through the company. He started with Boeing in 1977 as an airplane mechanic on the 727. He was most recently a senior VP with sales and customer support, and has also been a general manager for the 777 and 747 programs.

Albaugh joined Boeing in 1975 in what was then Rockwell Corporation's defense and space business, which Boeing acquired in 1996.

"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," say CEO Jim McNearney in a statement. A more friendly farewell is sure to come.

Albaugh grew up in Washington. He graduated from Richland High School, then received a bachelor's degree in Mathematics and Physics from Willamette University and a master's in civil engineering from Columbia University.

The leadership change is effective immediately. A replacement for Conner will be named at a later date. The Boeing website has already reflected the changes, listing Albaugh as an executive vice president.

Boeing stock closed down a few cents today at 70.93 a share, but in the after hours trade since the leadership changes the stock has been positive.

Albaugh

President Barack Obama taking a Boeing Everett tour earlier this year with chairman of the board, president and CEO James McNerney, right, and Boeing Commercial Airplanes CEO Jim Albaugh, left. (AP Pool Photo/Mike Siegel)

By LINDA THOMAS

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Comments (5)


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  • CH wrote...
    airplane mechanic to a general manager for the 777 and 747 . . . .
    June 26, 2012 4:00 pm
    you tell how he did it.
    { "Thumbs Up":"1","Thumbs Down":"-1" }
  • Ron_Spins wrote...
    Doe's AJ Work for Boeing?
    June 26, 2012 10:02 pm
    Do you even know what you are talking about? Credibility?
    { "Thumbs Up":"1","Thumbs Down":"-1" }
  • CH wrote...
    Ace Jackwagon : At my non-union company, we start out the machinists at above union scale and they get promoted and re-evaluated for raises every year. If they're good, they get promoted. If they suck, they're canned. If the union were involved, we'd have
    June 26, 2012 11:47 pm
    So you pay more than Boeing? Now thats a laugh. All of your employee have a SIX year apprenticeship? They do the same thing in china - put out or get out. Bet you have a large turn over, rover. Side by side UNION jobs pay more. How many employee's do you have two? You and your mother? I hope you make tools because you sir are a tool.
    { "Thumbs Up":"1","Thumbs Down":"-1" }
  • CH wrote...
    Someone hit a nerve . . . .
    June 27, 2012 5:00 am
    I throught you were working on your Masters? Not much time in the books since you are all over the site. I got something you don't have a UR. How business work's - screw your workers. From the desk of AJ put out or get out. I'm in your mother's basement and we are .................Time to throw this fish back into the water, he's not a keeper.
    { "Thumbs Up":"1","Thumbs Down":"-1" }
  • { "Thumbs Up":"1","Thumbs Down":"-1" }