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Boeing Capital's Mike Cave to retire

Staff writer |
Chicago, Ill., USA - January 16, 2014, Chicago, Ill., USA - Boeing executive Mike Cave, president of Boeing Capital Corporation, the company's product financing unit, announced that he will retire, effective May 1, 2014.

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Mr. Cave, a 31-year Boeing veteran, previously served as Boeing's senior vice president of Business Development & Strategy and held key leadership positions including chief financial officer of Commercial Airplanes and vice president, Finance, for Boeing Information, Space & Defense Systems. Mr. Cave, who also serves as a Boeing senior vice president, has led Boeing Capital since January 2010.

Marc Allen, Boeing China president, will replace Mr. Cave, effective March 14.

Mr. Allen has led Boeing China since March 2011, overseeing the company's largest market outside the United States. Prior to leading Boeing China, he served as vice president of Global Law Affairs and general counsel to Boeing International, leading the company's international legal practice group from inception in 2007.

Before Boeing, Mr. Allen practiced law with the Washington, DC, firm of Kellogg Huber, litigating complex commercial matters for a range of domestic and international clients. Mr. Allen's previous government service includes an appointment as U.S. Supreme Court Justice Anthony M. Kennedy's law clerk.

His prior business roles include serving as a vice president of Professional Team Physicians, a national sports medicine marketing firm based in New York, and as a senior associate of The Parthenon Group, a Boston-based strategy consulting firm. Mr. Allen will join the Boeing Finance leadership team.

Mr. Allen will be succeeded as Boeing China president by Ian Thomas, who has served as president of Boeing Australia and South Pacific for the past five years.

Mr. Thomas will lead Boeing's business in China from the Boeing China headquarters in Beijing.

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