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Boeing Capital president Walt Skowronski to retire

Staff writer |
Chicago, Ill., USA - October 16, 2009, Chicago, Ill., USA - Boeing Capital Corporation President Walt Skowronski announced that he will retire from the company at the end of the year.

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Mr. Skowronski, who also serves as a Boeing senior vice president, has led Boeing Capital since November 2003. He has been credited with leading a successful restructuring of the wholly owned Boeing subsidiary that is primarily responsible for arranging, structuring and providing financing for Boeing's commercial airplane, space and defense products. Mr. Skowronski, previously served as Boeing's senior vice president of Finance and Treasurer.

Boeing has named Mike Cave to Mr. Skowronski,'s leadership role, effective January 1. Beginning today, Cave will assume the role of deputy to Skowronski to ensure a smooth transition of customer and investor relationships. Mr. Cave has previously served as senior vice president and chief financial officer of Commercial Airplanes and as vice president, Finance for Boeing Information, Space & Defense Systems. Mr. Cave, a 26-year company veteran, has led Boeing's Business Development and Strategy team since November 2007 and has extensive experience in marketing and finance leadership roles in both commercial and defense businesses.

Shep Hill will assume Mr. Cave's responsibilities as senior vice president of Business Development and Strategy, while retaining his role as President, Boeing International. Mr. Hill oversees the company's international affairs and has leadership responsibilities for 20 Boeing in-country operations throughout the world. Prior to being named president of Boeing International, Hill oversaw the Business Development and Strategy organization for which he is reassuming leadership effective today.

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