Retired exec will lead Boy Scouts of America after a scandal-driven bankruptcy

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Retired exec will lead Boy Scouts of America after a scandal-driven bankruptcy
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The new Boy Scouts president aims to reverse declining membership and improve safety as the organization emerges from bankruptcy following a sex-abuse scandal.

The new president of the Boy Scouts of America plans to reverse the trend of declining membership and improve safety programs as the organization emerges from bankruptcy following a sexual abuse scandal.

Some local Boy Scout councils have sold about 15 properties to satisfy their trust obligations, the email said. Krone recently retired as president of Leidos LDOS, +0.74%, a $15 billion defense, aviation and information technology company based in Virginia. With an extensive background in engineering and aerospace, he previously served as president of the network and space systems at Boeing Co. BA, +1.58%

Among the reasons cited for the membership drop include the sexual assault allegations, competition from sports leagues, technology and video games and the pandemic.

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