Boeing promotes new defense business chief

Ted Colbert, new leader of Boeing Defense, Space and Security

Ted Colbert, new leader of Boeing Defense, Space and Security Courtesy of Boeing

Ted Colbert will lead the aerospace giant's approximately $26 billion defense, space and security segment.

Boeing has promoted from within a new leader for its nearly $26 billion defense segment in Ted Colbert, a 35-year company veteran who formerly led the global services unit.

Colbert’s promotion to CEO of the Boeing Defense, Space and Security business takes effect on Friday and he will succeed Leanne Caret, who has led the defense business for the past six years.

Caret will retire from Boeing later this year and in the meantime serve as an executive vice president and senior adviser to CEO David Calhoun amid the transition, the company said Monday.

During her tenure as defense segment CEO, Caret realigned the business into one that emphasized autonomous and other unmanned systems as a priority among other areas.

As chief executive for global services, Colbert leads a business focused on supply chain and other aerospace services including logistics for commercial and government customers.

Succeeding Colbert in that role is Stephanie Pope, currently chief financial officer for Boeing’s commercial airplanes segment.