By AP/KWMU
Chicago, Ill. – The new company president and CEO of Boeing has a St. Louis connection. Harry Stonecipher, 67, will come out of retirement to head the company. Phil Condit on Monday announced his resignation as CEO.
Stonecipher used to be the C-E-O of McDonnell-Douglas before Boeing bought that company in 1997. He worked closely with Condit for five years, serving a number of roles for the Chicago-based company before he retired last year.
He's been vice chairman, president and chief operating officer and has also served as a Boeing director for six years.
The company also said Monday that 62-year-old Lewis Platt has been named non-executive chairman. Platt has been a member of Boeing's board of directors for four years. He's a retired chairman of the board and president and CEO of Hewlett-Packard Company.
In announcing his resignation today, Condit says he wanted to put the "distractions and controversies of the past year behind us."
His resignation comes days after Boeing fired its top financial executive, former St. Louisan Michael Sears, saying he negotiated the hiring of a missile defense expert while she worked for the government and was in a position to influence Boeing contracts. The former Air Force official was also dismissed.