WICHITA, Kan. (AP)  Spirit AeroSystems announced Wednesday that the aviation company’s CEO is retiring next month.

Larry Lawson, president and CEO of Wichita-based Spirit, plans to retire July 31. Lawson has been with Spirit since 2013.

The Wichita Eagle reports that Tom Gentile, Spirit’s chief operating officer, will replace Lawson. Spirit said in a release that Gentile joined Spirit earlier this year after holding leadership positions at GE.

A Securities and Exchange Commission filing Wednesday showed Lawson will be retained as a consultant to the company for two years at an annual salary of $150,000 and will receive separation payments totaling $1.3 million and a cash award of $1.1 million for 2016.

Spirit employs about 14,800 people worldwide and in 2015 recorded $789 million in net income on revenue of $6.6 billion.