$61 billion Boeing has appointed retired U.S. Navy Admiral Edmund Giambastiani to its board of directors. He also will serve on the audit and finance committees.

Giambastiani served in the Navy for 41 years, his final position as vice chairman of the Joint Chiefs of Staff from 2005 to 2007. In a statement, Boeing Chairman and Chief Executive Jim McNerney commented: "His substantial experience on both the acquisition and operational sides of the U.S. military will significantly support the ongoing strategic evolution of our company."

During his military career, Giambastiani chaired the Defense Department's Joint Requirements Oversight Council, co-chaired the Defense Acquisition Board, was NATO's first commander for transformation, and led U.S. Joint Forces Command and the Atlantic Fleet Submarine Force, among other assignments.

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