Boeing Co. Chief Technology Officer and vice president of engineering John Tracy will retire this summer, the airplane maker said late Friday. Tracy will begin transitioning his duties next month to newly designated executives who will report directly to Boeing’s Chief Executive Dennis Muilenburg, the company said. Effective April 4, Chief Information Officer Ted Colbert will also be senior vice president of information and analytics; Scott Fancher, Greg Hyslop, and Pat Shanahan are appointed senior vice presidents of, respectively, program management and integration, engineering and technology, and supplies and operations, the company said. Shares of Boeing fell 0.2% in late trading after ending the regular session up 1.4%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News