Hill is new Boeing president

Boeing has appointed Shephard W. Hill president, Boeing International, replacing Laurette Koellner, who is retiring. At the same time, the company has named Michael J. Cave to replace Hill as senior vice president, Business Development and Strategy at Boeing Corporate Offices. Cave moves from Boeing Commercial Airplanes, where he led Business Strategy and Marketing. The changes are effective November 1.

Hill, 54, will continue as a member of the Boeing executive council, a position he has held since early 2006 when he was appointed to lead a new corporate-level strategic planning and business development group.

In that position, he worked closely with Boeing’s commercial and defense businesses to develop the company’s overall strategic growth plans, including mergers and acquisitions as well as annual business plans. A 20-year company veteran, he has led both business development and government affairs functions. Prior to this corporate role, Hill led all business development activities for Boeing’s Integrated Defense Systems. He will be based in the Washington, D.C. area.

Cave, 47, will join the company’s executive council and be based in Chicago. He began his career with McDonnell Douglas in 1983 and has broad experience across both of the company’s major business units, including assignments in finance, program management and marketing. At Commercial Airplanes he had been vice president and general manager of Airplane Programs, as well senior vice president for Commercial Aviation Services. He also served three years as chief financial officer. Prior to joining Commercial Airplanes, he was vice president, Finance, for Boeing’s Information, Space & Defense Systems, a position he assumed following the merger of Boeing and McDonnell Douglas.

Koellner’s 30-year Boeing career has included business-unit leadership positions - she served for two years as president, Connexion by Boeing - as well as leading and managing several key company functions, including human resources and labor relations, and corporate philanthropy and social responsibility. She had been a member of the company’s senior executive leadership team since 2001. Earlier, she served as corporate controller and was responsible for financial and cost accounting, cost policy, companywide cost estimating, common business systems, and insurance and risk management.