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Boeing Senior Vice President Denson-Low Announces Retirement

Stocks in this article: BA

CHICAGO, Feb. 28, 2014 /PRNewswire/ -- Boeing Senior Vice President Wanda Denson-Low has announced her plans to retire from the company June 2 after serving on the company's executive council and leading the Office of Internal Governance for the past seven years.

Diana L. Sands, vice president, Finance, and corporate controller, has been elected to replace Denson-Low as senior vice president, Office of Internal Governance, effective April 1. Leadership of the Office of Internal Governance includes responsibility for the advancement and effective implementation of the company's internal governance policies and plans, as well as management oversight for Corporate Audit; Ethics and Business Conduct, and Global Trade Controls. She will also have responsibility for all other related regulatory and compliance matters and will serve on the company's executive council, reporting to Boeing Chairman and CEO Jim McNerney.

Robert E. Verbeck, vice president and chief financial officer of Boeing Defense, Space & Security, has been appointed vice president, Finance, and corporate controller, replacing Sands, also effective April 1. Leanne Caret will replace Verbeck as vice president and chief financial officer for Defense, Space & Security, where she is now vice president and general manager, Vertical Lift. Both will report to Boeing Executive Vice President and Chief Financial Officer Greg Smith.

Denson-Low, 57, also served in senior legal and human resources leadership positions during her 30-year career in aerospace. She was vice president and general counsel for Hughes Space and Communications when it was acquired by Boeing in 2000.

"As a result of Wanda's leadership, we have a stronger, more disciplined and relevant ethics and compliance program with robust practices in global trade controls, audit and compliance risk management," said McNerney, noting that during her tenure, the company successfully closed out a number of past issues. "The enterprise-wide ethics program she advanced continues to shape our open culture of employee engagement tied to strong business performance," he added.

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