[SatNews] The Boeing Company [NYSE: BA] has named Robert E. Verbeck as the chief financial officer of its $34 billion (2009 revenues) Boeing Defense, Space & Security (BDS) business. He succeeds Randy Simons, who is retiring.

Verbeck most recently served as CFO for the Boeing Military Aircraft business unit of BDS. He previously held posts as BDS controller, program manager for the United Kingdom tanker program, and general manager of BDS Finance. Verbeck reports to Muilenburg and James Bell, Boeing executive vice president and chief financial officer. As BDS CFO, he is responsible for reporting on the financial performance of BDS and its three business segments — Boeing Military Aircraft, Network & Space Systems, and Global Services & Support. Verbeck leads more than 6,000 global finance employees making up teams in financial planning and analysis, accounting, estimating, contracts and pricing, procurement financial analysis, integrated scheduling, rate forecasting, earned value management compliance, and productivity improvement.