Boeing's Scott Carson retires

Boeing Commercial Airplanes President and Chief Executive Scott Carson has stepped down after finishing work on the 787 Dreamliner's new schedule. Jim Albaugh, former president and chief executive of Boeing Integrated Defense Systems, was appointed to Carson's position.

According to Boeing Chairman, Chief Executive and President Jim McNerney, the choice to retire after 38 years of service was Carson's. The management transition was timed to allow for a minimum of disruption to operations.

Carson will stay on with Boeing in an advisory capacity for the transition until he officially retires at the end of 2009.