Boeing (NYSE: BA) has expanded the responsibilities of Greg Smith, chief financial officer and executive vice president of corporate development and strategy, to include leadership over business performance, innovation and corporate functional excellence.
Smith will have the dual role of CFO and EVP for enterprise performance and strategy beginning July 1 in line with Boeing’s efforts to consolidate performance-based enterprise functions, the company said Wednesday.
“In addition to being responsible for financial management, corporate development and overall company strategy, Greg will oversee and drive key cross-enterprise performance levers that are critical to achieving our growth and performance aspirations,” said Dennis Muilenburg, Boeing chairman, president and CEO.
Muilenburg noted that the functional consolidation comes ahead of the scheduled retirements later this year of Ray Conner, vice chairman of the board, and Scott Fancher, senior vice president of program management, integration and development programs.
Smith’s new duties also include oversight on the implementation of Boeing’s strategy to establish three major business units and the July launch of Boeing Global Services, which will be led by Stanley Deal and based in Texas.