Former McDonnell Douglas president and chief executive Harry Stonecipher retired as Boeing vice-chairman as planned earlier this month. He joined the company in 1997 during the McDonnell Douglas take-over. Stonecipher is credited with masterminding the companies' merger and, with chief executive Phil Condit, turning the new entity around after the 1998 production crisis. He will remain as a director, raising concerns among unions which say his arrival at Boeing heralded a focus on "short-term profits". Stonecipher is not being replaced directly; instead a three-person team will work with Condit.
Source: Flight International
