Shifts ahead for Boeing as Shephard Hill announces retirement

boeing 112On December 19, Boeing International President Shephard Hill announced his plans to retire from the Chicago, IL-based company effective April 1, 2015. Hill, who also led the company’s Business Development & Strategy organization, served in a variety of key positions throughout his 28-year Boeing career.

Marc Allen has been appointed to succeed Hill, 62, as president, Boeing International, overseeing the company’s international business initiatives with leadership responsibilities for 18 Boeing in-country operations around the world. Allen, 41, will move from Boeing Capital Corp., the company’s financing subsidiary, where he served as president. Boeing Executive Vice President and Chief Financial Officer Greg Smith will take on Hill’s responsibilities in business development and strategy.

Hill has been on the company’s Executive Council since 2006 when he was appointed Boeing’s first corporate strategy leader and has held the international leadership position since 2007.

“Shep’s impact and influence across the entire company has been enormous over his nearly three decades of service,” said Boeing Chairman and CEO Jim McNerney. “In multiple roles Shep has helped shape our corporate strategy, expand our global presence and enable our business growth. His disciplined leadership, broad experience and global perspective will be missed,” McNerney added.

Allen returns to Boeing International after serving as president of Boeing China from 2011-2013 and, previously, as international general counsel.

“As a business leader who has lived and worked outside the U.S. and who helped build our international capability, Marc knows what’s needed to support our expanding global presence, business interests and stakeholder relationships worldwide,” said McNerney. “His sharp intellect, diverse experience and global mindset will serve our company and our customers well in this role.”

Tim Myers, 55, vice president and general manager, Aircraft Financial Services for Boeing Capital Corp., will succeed Allen as president of the company’s wholly owned financing subsidiary, which is primarily responsible for arranging, structuring and providing financing for Boeing products and services.

Allen and Myers move into their new roles February 15, when Allen also will join the company’s Executive Council.