Chicago-based Boeing Capital Corp. announced that Walt Skowronski, president, will retire at the end of the year. He will be succeeded by Mike Cave, effective Jan. 1, 2010. Skowronski will now work with Cave to ensure a smooth transition. Shep Hill will assume Cave’s responsibilities as senior vice president of business development and strategy while retaining his role as president, Boeing International. Skowronski, who also serves as a Boeing senior vice president, has led Boeing Capital since November 2003 and previously served as senior vice president of finance and treasurer. Cave, a 26-year company veteran, has led Boeing’s business development and strategy team since November 2007. He previously served as senior vice president and chief financial officer of commercial airplanes and as vice president, finance, for Boeing Information, Space & Defense Systems. Hill oversees the company’s international affairs and has leadership responsibilities for 20 Boeing in-country operations throughout the world. He previously oversaw the business development and strategy organization. A 22-year veteran, Hill also served as vice president of business development at Boeing Integrated Defense Systems (IDS). He joined Boeing when the company acquired Rockwell’s Aerospace and Defense business in 1996.