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Boeing CFO to retire

Boeing’s chief financial officer, James Bell, plans to retire April 1, the company said today.

Bell will be replaced by Greg Smith, 45, Boeing’s corporate controller and finance vice president.

Diana Sands, 45, vice president of investor relations and financial planning and analysis, has been appointed corporate controller, effective Feb. 1.

Bell, 63, has served as Boeing’s CFO since 2003.

Cowen and Co. analyst Cai von Rumohr said in a report that Boeing will lose a strong leader, but the retirement was not unexpected. Bell has expressed interest in broader civic and business activities.

“We sense that Bell chose the current time to make the announcement because it represents an orderly transition point now that the 787 and 747-8 both have been certified and delivered,” von Rumohr wrote.

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