The head of Boeing’s 787 program, Larry Loftis is retiring. The company has tapped Mark Jenks to succeed him as a Boeing vice president and general manager of the 787 program.
Jenks will take the lead on cutting the cost of making the carbon-fiber composite material aircraft, which cost more to make than their sales price.
He knows the Dreamliner well, having been on the program since 2003.
“We congratulate Larry Loftis on his decision to retire after 35 remarkable years and the appointment of his successor Mark Jenks as vice president and general manager of the 787 program. Larry’s vision, commitment and true working-together spirit will have a lasting effect on our people, our company and our customers for years to come,” said Pat Shanahan, senior vice president, Airplane Programs, Boeing Commercial Airplanes in an internal statement.
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