Former Boeing CEO and Seattle Mariners co-owner Frank Shrontz dies aged 92
NEW YORK - Frank Anderson Shrontz, the former chief executive officer and chairman of planemaker Boeing and part owner of the Seattle Mariners baseball team, has died, the Mariners said in a statement on Saturday.
He advocated for the mid-range Boeing 737 over the more fuel-efficient and longer-range 757 and 767 during the energy crisis of the 1970s. A Fortune magazine article described this decision as either "lucky or prescient," as the 737 later became one of Boeing's best-selling planes. He became chairman of the board in January 1988 and then chairman emeritus on Feb. 1, 1997, following his retirement, according to his biography.
The Mariners said Shrontz was a key member of the partnership group that took control of the Seattle Mariners in 1992.
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