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Boeing posts $537 million loss in Q1, less than a year ago
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Boeing Extends Retirement Age For CEO Calhoun To Age 70
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Boeing extends retirement age for CEO Calhoun to age 70
Issued on:
20/04/2021 - 15:47 Boeing extended the retirement age for Dave Calhoun, enabling him to stay CEO potentially through April 2028 SAUL LOEB AFP/File 2 min
New York (AFP)
Boeing announced Tuesday that it will lift the company s retirement age for David Calhoun to 70, enabling him to remain as chief executive potentially through April 2028.
Boeing, which has a standard 65-age retirement-age, cited Calhoun s progress in building regulator and customer confidence in enabling the 737 MAX to return to service following two fatal crashes that led to a lengthy grounding.
Boeing said Chief Financial Officer Greg Smith, who is 54, would retire in July.
Boeing extends CEO s retirement age, a vote of confidence during crises
By Sanjana Shivdas and Eric M. Johnson
Reuters
(Reuters) -Boeing Co has extended the company s retirement age to allow Chief Executive Officer Dave Calhoun to serve in the top job, a vote of confidence and a play for continuity as the U.S. planemaker works through the COVID-19 and 737 MAX crises.
Boeing also said Chief Financial Officer Greg Smith will retire in July.
Investors will be eager for more details and color on the company s board and executive leadership during its annual shareholders meeting later on Tuesday.
Smith, a 30-year veteran at Boeing, led the largest bond offering in the company s history and has been leading a business transformation that includes cost-cutting and shuffling resources to help Boeing emerge stronger once the COVID-19 and 737 MAX crises ebb.
Boeing sticks with CEO Calhoun, extending his retirement age, as potential successor moves on
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