The Boeing logo is seen at the company’s technology and engineering center in São José dos Campos, São Paulo state, Brazil, on October 10, 2023.Reuters/Gabriel Araujo/File photo Obtaining license rights
WASHINGTON, Nov 16 (Reuters) – Mark Allen will step down as Boeing (BA.N)’s chief strategy officer at the end of the year, leaving the company in 2024 as the U.S. aircraft maker downsizes its strategic division.
Boeing CEO David Calhoun said in a letter to employees Thursday that the company will no longer fill the role of chief strategy officer.
Calhoun said Boeing will downsize its strategy and corporate development organization and instead “participate directly in the business units that our strategy teams support.”
“These teams provide critical advice and insight and can have the greatest impact when working with the people who design, build and maintain our products.”
Calhoun said Brian West, chief financial officer, and Mike D’Ambrose, the company’s head of human resources, will develop a strategic restructuring plan within the next month.
Allen, who became Boeing’s chief strategy officer in 2020, will step down from the role at the end of the year after serving in an advisory role and is expected to leave the company in the spring.
Mr. Allen spearheaded an effort to acquire Brazil’s Embraer (EMBR3.SA)’s aircraft manufacturing unit, which was halted amid market turmoil caused by the 2020 coronavirus pandemic. He also helped oversee a long-running trade dispute with Airbus (AIR.PA). Subsidy.
Previous roles included running Boeing’s China division.
Mr. Allen “has provided exceptional leadership to this organization over the past three years, and we believe now is the time for a transition,” Mr. Calhoun said.
Reporting by Valerie Insinna, additional reporting by Tim Hepher.Editing: Chris Reese and Bill Berkrot
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