Albaugh retired as Executive Vice President of the Boeing Company and President and CEO of Boeing Commercial Airplanes in 2012.  He joined Boeing as an engineer in 1975 and worked his way up through a series of increasingly responsible positions, including President of Rocketdyne Propulsion & Power, President of Boeing Space and Communications, and  President of Boeing Integrated Defense Systems.  Since leaving Boeing, Albaugh has been an advisor to Blackstone and has served on numerous Boards, including American Airlines, Howmet Aerospace, and Aurora Flight Sciences. He is an Honorary Fellow and past President of the AIAA and a member of the National Academy of Engineering. He is the current Chairman of the National Aeronautics Association.