Boeing Names Paul Walters to Lead Business in Southeast Asia

    CHICAGO, Aug. 20 /PRNewswire-FirstCall/ -- The Boeing Company today named
 Paul Walters to the new position of regional vice president, Southeast Asia,
 The Boeing Company.  Walters will be responsible for coordinating all company
 business activities in a number of countries in the region.
     "Asia is a vibrant, growing economic power and home to an increasing
 number of important customers and partners.  Paul will help us to further
 develop these relationships," said Phil Condit, chairman and chief executive
 officer - The Boeing Company.
     Based in Kuala Lumpur at the Boeing-Southeast Asia headquarters, Walters
 will help expand Boeing's profile and presence in the region beyond Singapore
 and Malaysia, where Boeing is now well-represented. Walter's mission is to
 lead and facilitate Boeing's strategy and globalization process in Southeast
 Asia.
     Boeing works closely with Asian aerospace industry organizations and the
 region's armed forces and leading airlines. From a manufacturing joint venture
 in Malaysia, to commercial airplane sales in Thailand and Vietnam and
 satellite sales in Indonesia, Boeing business interests in the region are
 numerable and growing.
     "The strength of the region, coupled with its inherent growth prospects,
 provide us with an excellent opportunity to expand our globalization
 initiatives in a meaningful way," said Tom Pickering, Boeing senior vice
 president, International Relations.
     Most recently, Walters was vice president-Asia, Boeing Space Systems
 International Service Company, the international marketing division of Boeing
 Satellite Systems, and a subsidiary of The Boeing Company, based in Kuala
 Lumpur.
     Walters retired from the U.S. Senior Foreign Service in 1995 to join the
 Government Investment Management Corporation as managing director for Asia. He
 joined Hughes Electronics International Corporation in 1996 as regional
 director, Southeast Asia for Telecommunications Business Development. Boeing
 purchased Hughes Space and Communications in October 2000.
     Walters' international experience began with his entry into the Peace
 Corps in Malaysia, then to the U.S. Agency for International Development in
 Vietnam. His career in the U.S. Foreign Service spanned a range of senior
 commercial and economic assignments in U.S. embassies in Kenya, Malaysia, the
 Philippines, Hong Kong and Indonesia.  He also served as an international
 economist in the U.S. State Department.
     Born in Columbus, Ohio, in 1944, Walters graduated with a Bachelor of
 Science degree in Business Administration from Ohio State University in 1966.
 In 1979, he graduated from an Advanced Course in Economics from the U.S.
 Department of State Foreign Service Institute.
     The Boeing Company (NYSE:   BA) is the largest aerospace company in the
 world and the United States' leading exporter.  It is NASA's largest
 contractor and the largest manufacturer of commercial jetliners and military
 aircraft.  The company's capabilities in aerospace also include rotorcraft,
 electronic and defense systems, missiles, rocket engines, launch vehicles,
 satellites, and advanced information and communication systems.  The company
 has an extensive global reach with customers in 145 countries.
 
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SOURCE Boeing Company
RELATED LINKS
http://www.boeing.com

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