Jack Pelton, who has steered Cessna through one of the most difficult periods in its 84-year history, has retired as chairman, president and CEO, Cessna parent Textron announced on May 3; Textron Chairman and CEO Scott Donnelly is stepping in to lead the company until a successor is found. Textron did not cite specifics on Pelton’s departure, but quoted Donnelly as saying, “Under Jack’s leadership, Cessna achieved many significant program and product milestones and strengthened its ...

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