Boeing shares fall 4% as long-time CFO announces surprise retirement Sanjana Shivdas and Eric M. Johnson Reuters Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Boeing Co announced the retirement of its finance chief for the past decade, Greg Smith, and the crisis-hit jetmaker’s shares fell 4 per cent even as it signaled stability by prolonging its chief executive.
Boeing extended its required retirement age of 65 to 70 to allow CEO Dave Calhoun to stay in the top job as the U.S. planemaker battles to recover from the coronavirus and 737 Max crises, and manufacturing flaws on its aircraft programs.
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CHICAGO, April 7, 2021 /PRNewswire/ The Boeing Company [NYSE: BA] will release its financial results for the first quarter of 2021 on Wednesday, April 28.
President and Chief Executive Officer David Calhoun and Executive Vice President of Enterprise Operations and Chief Financial Officer Greg Smith will discuss the results and company outlook during a conference call that day at 10:30 a.m. ET.
The event can also be accessed by dialing 1-877-692-8955 within the U.S. and by dialing 234-720-6979 outside of the U.S. The passcode for both is 8868170.
Individuals should check the webcast site prior to the session to ensure their computers can access the audio stream and slide presentation. Instructions for obtaining the required free downloadable software will be posted on the site.