Boeing Defense Unit Leader Ted Colbert to Depart Company
Boeing announced on Friday that Ted Colbert, the President and CEO of its defense, space, and security unit, will be leaving the company with immediate effect. Steve Parker, the unit’s Chief Operating Officer, will temporarily assume Colbert’s duties until a replacement is appointed at a later date.
Colbert’s departure coincides with Boeing’s cost-saving measures, including the announcement of furloughs in response to a strike by over 32,000 workers. The company’s shares closed down approximately 1% on Friday and have experienced a 41% decline so far this year.
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Emma Collins, graduated in Financial Economics from the University of Chicago in the USA in 2016. She has since worked at an asset management firm in New York, where she specializes in investment strategies and portfolio management. Emma has a keen interest in financial analysis and has published several articles in renowned financial journals. Her work focuses on providing actionable insights to investors, and she is known for her forward-thinking approach to managing financial portfolios.