BOEING: Scott Carson, Boeing Commercial Airplanes will retire this year

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Boeing announced Monday that Scott Carson, CEO of the division of civil aircraft manufacturer, would retire by the end of the year and would be replaced by Jim Albaugh, who will take his post as early as Tuesday.

In a statement, the company said the two men work together to allow a handover smoothly, adding that Scott Carson, aged 63, also work on special projects until the end of the year.