Spirit CEO Lawson to retire in July

WICHITA, Kan. – Spirit AeroSystems announced Wednesday that the aviation company’s CEO is retiring next month.

Larry Lawson, president and CEO of Wichita-based Spirit, plans to retire July 31. Lawson has been with Spirit since 2013.

The Wichita Eagle reports ( ) that Tom Gentile, Spirit’s chief operating officer, will replace Lawson. Spirit said in a release that Gentile joined Spirit earlier this year after holding leadership positions at GE.

A Securities and Exchange Commission filing Wednesday showed Lawson will be retained as a consultant to the company for two years at an annual salary of $150,000 and will receive separation payments totalling $1.3 million and a cash award of $1.1 million for 2016.

Spirit employs about 14,800 people worldwide and in 2015 recorded $789 million in net income on revenue of $6.6 billion.


Information from: The Wichita (Kan.) Eagle,