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Boeing extends potential term for CEO before annual meeting

Boeing extends CEO s term, chief financial officer to leave - Medicine Hat NewsMedicine Hat News

FILE- In this Sept. 30, 2020, file photo, a Boeing 737 Max jet, piloted by Federal Aviation Administration (FAA) chief Steve Dickson, prepares to land at Boeing Field following a test flight in Seattle. Boeing says it has informed 16 of its customers that they should address a possible electrical issue in certain 737 Max aircraft before using them further. Boeing said Friday, April 9, 2021, that the recommendation was made “to allow for verification that a sufficient ground path exists for a component of the electrical power system.” (AP Photo/Elaine Thompson, File) Boeing’s board of directors raised the mandatory retirement age for CEO David Calhoun from 65 to 70 just days after he turned 64.

Boeing Board Extends Retirement Age For CEO Dave Calhoun

Boeing Board Extends Retirement Age For CEO Dave Calhoun CHICAGO (dpa-AFX) - The Boeing Company (BA) said its Board has extended the company s age-65 standard retirement to age 70 for President and Chief Executive Officer David Calhoun. Calhoun, 64, has served as the company s President and CEO since Jan. 13, 2020. The Board s action extends the mandatory retirement age for Calhoun to April 1, 2028. Boeing also announced that Executive Vice President, Enterprise Operations and Chief Financial Officer Gregory Smith has decided to retire from the company, effective July 9, 2021. The company is conducting a search for Smith s successor. Copyright RTT News/dpa-AFX © 2021 AFX News

Boeing raises retirement age for CEO, extending his potential term until 2028

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