LEE MONSON TO LEAD BOEING BUSINESS JETS

Boeing Business Jets today announced that Lee Monson will become president of the company, replacing Borge Boeskov, who will retire early next year.

Monson, formerly vice president of Sales for Boeing Business Jets, and Boeskov will work in dual roles until Boeskov's retirement. Monson will report to Mike Bair, executive vice president of Boeing Commercial Aviation Services.

"All of us welcome Lee to his new leadership role, and we also thank Borge for his many contributions to The Boeing Company throughout his career," said Commercial Airplanes President and CEO Alan Mulally. "Under Borge's leadership, BBJ has achieved unprecedented sales success and opened the door to expanded markets in both business aviation and government applications."

Boeing Business Jets is a joint venture with General Electric, launched in July 1996 to respond to market demand for a larger, more capable business airplane that can fly more than 6,000 nautical miles (11,110 kilometers). Since the program's inception, there have been 56 "green" (no paint or interior) BBJs delivered, and currently there are 32 completed BBJs in service.