Mike Cave, a senior vice president of Boeing, is president of Boeing Capital Corp. He began this assignment in January 2010.
Cave's role is to lead Boeing Capital, a wholly owned Boeing subsidiary that is primarily responsible for arranging, structuring and providing financing for Boeing's commercial airplane, and space and defense products.
Prior to assuming this position, Cave was senior vice president of Business Development and Strategy for Boeing. In that role he was the company Executive Council member responsible for analyzing and developing plans to drive the company's growth and nurture new businesses. He also oversaw the company's merger, acquisition and divestiture activities.
Cave, 53, has previously served as senior vice president/chief financial officer of Boeing Commercial Airplanes and as vice president, finance for Boeing Information, Space & Defense Systems. He is a 28-year company veteran who has held a variety of other assignments across the company's defense and commercial businesses.
From 2003 to 2005, Cave was vice president/general manager of Airplane Programs for Commercial Airplanes. In that position, he oversaw the 737, 747, 767 and 777 programs with a focus on strategy, product development and business results.
For most of 2003, Cave served as senior vice president for Commercial Aviation Services, where he was responsible for ensuring support to the world's largest fleet of commercial jetliners -- almost 12,000 Boeing-built airplanes.
Cave served as senior vice president and chief financial officer of Commercial Airplanes from November 2000 through January 2003. He was responsible for the financial management of the segment, as well as its business strategy to return greater value to customers, shareholders, employees and the community.
He previously served as vice president - finance for Commercial Aviation Services, vice president - controller for Boeing Commercial Airplanes Group, and vice president - finance for the twin-aisle airplane programs.
Prior to joining Commercial Airplanes, he was vice president - finance for Boeing Information, Space & Defense Systems, a position he assumed following the merger of The Boeing Company and McDonnell Douglas Corporation. Just prior to the merger, he headed the team to merge the two companies' commercial airplane units.
Cave joined McDonnell Douglas in 1983, where his assignments included: vice president and chief financial officer for Douglas Aircraft; vice president and general manager of business management, Military Transport Aircraft; and general manager of contracts and pricing for McDonnell Douglas Aerospace. He also held positions of increasing responsibility in estimating, contracts, and cost proposal management at various divisions of McDonnell Douglas.
Cave was honored with the 2004 Hispanic Engineer National Achievement Awards Corporation (HENAAC) award for Executive Excellence. In 2003, Cave was recognized as a member of the Hispanic Corporate Elite by Hispanic Business Magazine. He also was named one of the 100 Most Important Hispanics in Technology and Business for 2006 by Hispanic Engineer and Information Technology magazine.
Cave serves on the board of directors for the Private Export Funding Corporation (PEFCO) and the United Way of King County (Washington). He previously served on the boards of the Goodman Theatre of Chicago and the Seattle Symphony. He serves as the company's executive focal for Purdue University and is a fellow of the Royal Aeronautical Society.
He holds a bachelor's degree in engineering from Purdue University. Cave is married with three children.