Boeing

Jerry King, president of the Boeing Defense & Space Group (D&SG), has been assigned to Boeing Company Offices to head the Boeing/McDonnell Douglas transition team, Boeing Chief Executive Officer Phil Condit announced today. "Jerry has agreed to lead the transition team until it completes its work and the necessary merger approvals are received," Condit said.

Replacing King as president of Boeing Defense & Space Group will be Alan Mulally, currently senior vice president of Airplane Development and Definition in Boeing Commercial Airplane Group (BCAG). The new assignment is effective immediately.

"Early last fall, Jerry told me of his decision to complete the acquisition of the Rockwell defense and space units to create Boeing North American, and then retire in mid-1997," Condit said. "With the later decision to merge McDonnell Douglas with Boeing, we are fortunate that Jerry has agreed to focus his full-time attention, vision and expertise on leading the transition team. The timing of this transition team assignment couldn't have been better," Condit added.

"Jerry has provided outstanding leadership to our Defense & Space Group during the last few, critical years," said Condit. "He has left his mark of success on the Group for many years to come and will significantly influence transition activities to position the new Boeing for success as the leading integrated aerospace company in the world." King, who joined Boeing as a design engineer, has been with the company since 1958.

King will report to Condit and work with a transition steering group comprising senior managers in Company Offices and the operating groups. The members of the group are Chief Financial Officer Boyd Givan, BCAG President Ron Woodard, D&SG President Alan Mulally and Boeing General Counsel Ted Collins. Further announcements on the transition team organization and staffing for both Boeing and McDonnell Douglas will be made in the near future.

Regarding Mulally's appointment, Condit said, "Jerry, Ron and I agree that Alan has demonstrated his readiness to assume greater responsibilities. He has made significant contributions since becoming BCAG senior vice president of Airplane Development and Definition in August 1994. He also successfully led the 777 program activities, first as vice president of engineering, and then for two years as vice president and general manager of the 777 Division."

King said, "I focused considerable Defense & Space energy on the development and implementation of common systems and processes as critical components of business success. One of Alan's many contributions in his current position has been a similar emphasis on common systems and solutions across the entire Boeing family of commercial airliners. Alan can help move us even closer to an integrated view across the entire company. His expertise and 'working together' leadership skills will be invaluable as we continue making Boeing a totally integrated aerospace company that includes Boeing North American and subsequently McDonnell Douglas."

Mulally joined Boeing in 1969 and progressed through a number of significant engineering assignments, including work on the 727, 737, 747, 757 and 767 airplanes. He serves on the Air Force Scientific Advisory Board and the National Aeronautics and Space Administration's advisory boards. He is a Fellow of the American Institute of Aeronautics and Astronautics.