Dave Calhoun, president of Boeing
Adam Jeffery | CNBC
Boeing said Tuesday it is raising the mandatory retirement age for its CEO from 64 to 65 to 70, as the company continues to face challenges from the coronavirus pandemic, production problems and the aftermath of two plane crashes. best seller.
Boeing chief financial officer Greg Smith will retire in July, the manufacturer said. Boeing said it is conducting a search for its replacement.
“Under Dave’s strong leadership, Boeing has effectively sailed through one of the most difficult and complex periods in its long history,” Boeing President Larry Kellner said in a press release. “Given the substantial progress Boeing has made under Dave’s leadership, as well as the continuity needed to thrive in our long-cycle industry, the Board has determined that it is in the best interests of the company and its industry ‘interest allow the Board and Dave the flexibility to continue to play their role beyond the company’s standard retirement age’
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