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Boeing logoBoeing BA

The company said David L. Calhoun decided to step down as President and Chief Executive Officer at the end of 2024, as announced on March 24, 2024. The company said Calhoun will continue to lead Boeing through year-end.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said David L. Calhoun decided to step down as President and Chief Executive Officer at the end of 2024, as announced on March 24, 2024. The company said Calhoun will continue to lead Boeing through year-end.

  2. The company said Lawrence W. Kellner, independent Chair of the Board, decided not to stand for re-election at the 2024 Annual Meeting of Shareholders. The Board approved a reduction in its size and elected Steven M. Mollenkopf as independent Chair effective March 24, 2024.

  3. The company said the Board elected Stephanie F. Pope, Executive Vice President and Chief Operating Officer, to succeed Stanley A. Deal as President and CEO of Boeing Commercial Airplanes. The change is effective March 25, 2024.

  4. The company said Kellner served on the Board for 13 years and as chair since late 2019, and led the recruitment of 7 new independent directors during his tenure. It also said Mollenkopf has served on the board since 2020 and was previously CEO of Qualcomm.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

David L. Calhoun to step down as CEO at end of 2024

The company said David L. Calhoun decided to step down as President and Chief Executive Officer at the end of 2024, as announced on March 24, 2024. The company said Calhoun will continue to lead Boeing through year-end.

Source · Based on the filing body and exhibits

Lawrence W. Kellner not to stand for re-election; Steven M. Mollenkopf named new chair

The company said Lawrence W. Kellner, independent Chair of the Board, decided not to stand for re-election at the 2024 Annual Meeting of Shareholders. The Board approved a reduction in its size and elected Steven M. Mollenkopf as independent Chair effective March 24, 2024.

Source · Based on the filing body and exhibits

Stephanie F. Pope named President and CEO of Boeing Commercial Airplanes

The company said the Board elected Stephanie F. Pope, Executive Vice President and Chief Operating Officer, to succeed Stanley A. Deal as President and CEO of Boeing Commercial Airplanes. The change is effective March 25, 2024.

Source · Based on the filing body and exhibits

Kellner's tenure and Mollenkopf's background

The company said Kellner served on the Board for 13 years and as chair since late 2019, and led the recruitment of 7 new independent directors during his tenure. It also said Mollenkopf has served on the board since 2020 and was previously CEO of Qualcomm.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.