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Boeing Names Leanne Caret Defense, Space & Security President and CEO

Boeing has named Leanne Caret President and CEO of the company’s Defense, Space & Security business effective March 1. She will succeed Chris Chadwick, who has announced his retirement from the company.

Caret

Leanne Caret, President and CEO of the Company’s Defense, Space & Security

Caret, 49, will be the first women to oversee the defense, space and security business at Chicago-headquarted Boeing, the second-largest U.S defense company. A 28-year company veteran, Caret currently leads that unit’s Global Services & Support business, which has approximately 13,000 employees in 295 locations around the world. With $9 billion in revenues, it is the U.S. Department of Defense’s largest performance-based logistics contractor and an industry leader in providing sustainment services for a diverse range of military products and systems.

“Leanne has a track record of delivering results, an intense customer focus, and the global acumen necessary to build on the existing strengths of our defense, space and security business and grow it for the future,” said Boeing Chairman, President and CEO Dennis Muilenburg. “She also is an experienced and inspirational leader who understands all aspects of our business, operates with a One Boeing perspective, and has the trust and respect of our employees and our external stakeholders.”

Chadwick, 55, retires this spring after a 34-year career that included a range of senior executive roles. He has led the $30-billion Defense, Space & Security unit since December 2013, after previously leading its Military Aircraft business, which is home to the organization’s  tactical aircraft, rotorcraft, and weapons programs, among others.

Ed Dolanski, 48, will succeed Caret as president of Global Services & Support. Dolanski is currently president and chief executive officer of Boeing subsidiary Aviall, the largest provider of new aviation parts and aftermarket supply-chain management services for the aerospace and defense industries.

Soaring jetliner demand and shrinking defense budgets have led Boeing’s defense business to be overshadowed this decade by the commercial airplanes unit. The unit accounted for 31 percent of Boeing revenue in 2015, down from 50 percent in 2010, according to data compiled by Bloomberg.