CHICAGO (AP) - Boeing Co. chairman and chief executive Phil Condit has resigned, the aerospace manufacturer said Monday in a surprise announcement days after two other Boeing officials were fired for an alleged ethics breach.
The company's board accepted Condit's resignation after deciding "a new structure for the leadership of the company is needed," according to a Boeing statement.
Condit said he resigned to "put the distractions and controversies of the past year behind us."
The move comes a week after Boeing unexpectedly fired its chief financial officer, Mike Sears, for unethical conduct, saying he negotiated the hiring of an Air Force missile defense expert while she was still working for the Pentagon and was in a position to influence Boeing contracts.
Boeing chairman, CEO Condit gives resignation
Published: Tue Dec 02, 2003 | Modified: Sat Aug 06, 2005 05:40 p.m.