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Stock impact report

Boeing's head of defense unit Ted Colbert to leave [CNN]

Boeing Company (The) (BA) 
Last boeing company (the) earnings: 4/29 07:30 am Check Earnings Report
Company Research Source: CNN
Reuters — The planemaker said Steve Parker, the unit's chief operating officer, will take over Colbert's responsibilities until a replacement is named at a later date. “I'd like to share that Ted Colbert, president and CEO of Boeing Defense, Space & Security (BDS), will be leaving Boeing, and that l've asked Steve Parker to temporarily oversee BDS, effective immediately, until a replacement for Ted is named at a later date,” Kelly Ortberg, Boeing's president and CEO, said Friday in a statement. “I want to thank Ted for his 15 years of service at The Boeing Company, supporting our customers, our people and our communities. At this critical juncture, our priority is to restore the trust of our customers and meet the high standards they expect of us to enable their critical missions around the world. Working together we can and will improve our performance and ensure we deliver on our commitments.” Colbert's departure comes at a time when Boeing has been trying to save cash by a Show less Read more
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