Boeing chief strategy officer to depart in 2024 as part of restructuring – Reuters

WASHINGTON, Nov 16 (Reuters) – Marc Allen will step down as Boeing’s (BA.N) chief strategy officer at the end of the year and leave the company in 2024 as the U.S. planemaker pares down its strategy arm.

In a letter to employees on Thursday, Boeing CEO David Calhoun said the U.S. planemaker will not fill the chief strategy officer role going forward.

Boeing will shrink its strategy and corporate development organization and instead have “strategy teams directly joining the business units they support,” Calhoun said.

“These teams provide critical counsel and insights and they can have the most impact when working alongside those designing, building and sustaining our products.”

Chief Financial Officer Brian West and Mike DAmbrose, the compa…

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