Boeing Capital’s Cave to Retire; Allen Named President

Boeing executive Mike Cave, president of Boeing Capital Corporation, the company’s product financing unit, announced today that he will retire on May 1. Marc Allen, Boeing China president, will replace Cave, effective March 14. Cave, 53, who also serves as a Boeing senior vice president, has led Boeing Capital since January 2010. The unit is responsible for arranging, structuring and providing financing for Boeing’s commercial airplane, defense and space products. Cave, a 31-year Boeing veteran, previously served as Boeing’s senior vice president of Business Development & Strategy and held key leadership positions including chief financial officer of Commercial Airplanes and