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Dave Calhoun, Chairman of Boeing
Adam Jeffery | CNBC
Boeing on Tuesday stated it’s elevating the mandatory retirement age of its 64-year-old CEO from 65 to 70 as the corporate continues face challenges from the coronavirus pandemic, manufacturing points and the aftermath of two crashes of its best-selling aircraft.
Boeing’s CFO Greg Smith will retire in July, the producer stated. Boeing stated it’s conducting a search for his substitute.
“Under Dave’s strong leadership, Boeing has effectively navigated one of the most challenging and complex periods in its long history,” Boeing’s Chairman Larry Kellner stated in a press launch. “Given the substantial progress Boeing has made under Dave’s leadership, as well as the continuity necessary to thrive in our long-cycle industry, the Board has determined that it is in the best interests of the company and its stakeholders to allow the Board and Dave the flexibility for him to continue in his role beyond the company’s standard retirement age.”
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