Scott Carson, president and CEO of Boeing Commercial Airplanes, announced Monday he will retire at year's end, following a three-year tenure marked by delays to the company's highly touted 787 Dreamliner. Effective today, the commercial airline division will be run by Jim Albaugh, previously the CEO of Boeing's defense division. In a statement, Boeing CEO Jim McNerney said the decision to retire was Carson's, and he praised the executive's "long record of accomplishment across many disciplines, functions and businesses, and the enduring contributions he has made to Boeing through 38 years of service."

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