Boeing said its board on July 30, 2024 elected Robert K. (Kelly) Ortberg as president and chief executive officer and as a director, effective as of August 8, 2024 (the Transition Date).

1. 01

   Boeing said its board on July 30, 2024 elected Robert K. (Kelly) Ortberg as president and chief executive officer and as a director, effective as of August 8, 2024 (the Transition Date).

2. 02

   The company said David L. Calhoun tendered his resignation as president, chief executive officer and director on July 30, 2024, effective as of the Transition Date. It said he will serve as a senior advisor to the board until his retirement on March 1, 2025.

3. 03

   The company said the board approved an annual base salary rate of $1,500,000 for Ortberg, effective as of the Transition Date; an annual incentive award target of $3,000,000 for 2025; and a long-term incentive award target of $17,500,000 for 2025.

4. 04

   The company said the board approved a cash award of $1,250,000 for Ortberg, payable in December 2024, along with restricted stock units valued at about $8,000,000 and a performance option valued at about $8,000,000, all to be granted as of the Transition Date.

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Original filing

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