The Boeing Archives Presents Video Series. Boeing has been the premier manufacturer of commercial jetliners for decades. President, Enterprise Copyright 1995 - 2023 Boeing. The Board of Directors. The Corporate Secretary will forward the correspondence to the Chair or the non-management directors, as appropriate. He previously served in several executive leadership roles, including as president and chief operating officer of Collins Aerospace Systems, and as president of UTC Aerospace Systems. Artemis. Technology Officer, Corporate The Boeing Archives Presents Video Series. | OneTrust Cookie Settings. Boeing's diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company's core values of safety, quality and integrity. The board is itself a team, and like all teams, needs to build effective working relationships, including the ability to conflict openly. For example, a failure of oversight claim recently survived a motion to dismiss in In re Boeing Co. Boeing employs more than 150,000 people worldwide and leverages the talents of a global supplier base. Moreover, out of its 13 members, three sat on the board of Caterpillar, and two on the board of Marriott. and Assistant General Counsel, Chief Human Celebrate 100 years of Boeing with 100 Days of learning. Audit oversaw risk, but its charter focused on financial risk, and it had no mandate to discuss safety. President and Senior Advisor, Vice President Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Boeing's aircraft deliveries to customers for the busy summer travel season will be disrupted because of a production flaw on the 737 Max, its chief executive has warned. The Board's Governance & Public Policy Committee periodically reviews the Company's corporate governance principles and current practices. President, Vice Boeing directors reach a settlement in a shareholder lawsuit over the 737 Max crashes. Chairman and CEO, Carrier Global Corporation, Chairman, President and CEO, Duke Energy Corporation, Former United Airlines Pilot; Former Inspector General, U.S. Air Force, Former Executive Vice President and CFO, United Technologies Corporation, Former President and CEO, GE Aviation; Former Vice Chair, General Electric Company. "His dedication to renewing the company's commitment to safety, quality and transparency has been critical in building regulator and customer confidence as Boeing returns the 737 MAX to service. Numbers are net of additions and reductions. and General Manager, Product Development, Chair, Board members have three main roles: to monitor, decide, and advise. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. The Boeing Company's business is conducted by its employees, managers and corporate officers led by the chief executive officer, with oversight from the Board of Directors. Ambassador to the United Nations Nikki Haley has officially joined Boeing's board of directors. Correspondence to the Chair should relate to the duties and responsibilities of the Board and its committees. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Our enterprise also leverages the talents of hundreds of thousands more skilled people working for Boeing suppliers worldwide. In addition, functional organizations working across the company focus on engineering and program management; technology and development-program execution; advanced design and manufacturing systems; safety, finance, quality and productivity improvement and information technology. The Boeing Archives Presents Video Series. Celebrate 100 years of Boeing with 100 Days of learning. Copyright 1995 - 2023 Boeing. Name Total COMPENSATION; Akhil Johri: Total Cash $390,000: David L. Gitlin: Total Cash $207,204: David L. Joyce: Total Cash $416,000: David L. Calhoun (born April 18, 1957) is an American businessman who has been president and chief executive officer (CEO) of The Boeing Company since January 2020. Board Evaluations; Nasdaq IR Insight Nasdaq OneReport; See All Solutions-> About. Sign up for email updates and the first to know what's new and exciting in the world of aviation and aerospace. Adm (ret.) Ms. Pope will receive salary, bonus and equity awards, and will participate in other benefit and compensation plans, at levels consistent with her seniority and scope of responsibility. Today, the company manufactures the 737, 747, 767, 777 and 787 families of airplanes and the Boeing Business Jet range. Boeing also announced that Executive Vice President, Enterprise Operations and Chief Financial Officer Gregory D. Smith has decided to retire from the company, effective July 9, 2021. Other current directorships: The Blackstone Group Inc., Boston Properties, Inc. and News Corporation. General Harris is a retired United States Air Force Reserve Lieutenant General who last served as the Inspector General of the Air Force. Click on each entry below to see Boeings global presence and partnerships: Site Terms | Privacy and Cookie Statement | Ad Choices Boeing Board of Directors Separates CEO and Chairman Roles, Dennis Muilenburg Continues as CEO, President and Director; Lead Director David Calhoun Elected Non-Executive Chairman, Board to Add New Director with Deep Safety Experience. When they fail at these duties, public outrage can be immense as we saw from the Boeing shareholder lawsuit. Harry Curtis Stonecipher (born May 16, 1936) is an American business executive who was president and chief executive officer of American aerospace companies: Sundstrand, McDonnell Douglas, and The Boeing Company.Stonecipher was widely credited with the seeming resurgence of Boeing after government procurement scandals. Joyce is a member of the National Academy of Engineering, and is the recipient of the National Defense Industrial Association's James Forrestal Industry Leadership Award and the American Society of Materials' Medal for the Advancement of Research. Harris made history becoming the first African American woman to command an Air Force operational flying squadron, wing and numbered Air Force and served as the first woman Inspector General of the Air Force. She will serve on the Aerospace Safety and Audit committees. Directors can be held liable for failing to provide oversight. On May 1, 2013, Boeing's board of directors approved selling the 353-seat 777-8LX to replace the 777-300ER from 2021, after the larger 406-seat -9X. At Constellation Energy Corporation, Admiral Richardson is a member of the Risk Committee as well as the Nuclear Oversight Committee, where he has oversight over a number of sustainability issues related to the companys nuclear facilities and operations. He was previously Boeing's chairman [1] [2] and was appointed president and CEO after his predecessor Dennis Muilenburg was fired amidst safety concerns regarding the 737 . Defense, Space & Security. Whenever. Editors Note (8/23/21): Charles Elsons title has been updated. "General Harrisis a highly-accomplished leader who willprovide insight and perspective based on her hands-on experience flying Boeing's aircraft and her demonstrated commitment to safety, training and integrity," said Boeing ChairmanLarry Kellner. His stewardship of the company's financial position for nearly a decade, and his leadership during the severe challenge our industry has faced as a result of the global pandemic, have been essential to positioning Boeing for a bright future. More than 10,000 Boeing-built commercial jetliners are in service worldwide, which is almost half the world fleet. With corporate offices near Washington, D.C., Boeing employsmore than 140,000 people across the United States and in more than 65 countries. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. With engineering, digital analytics, supply chain and training support spanning across both the government and commercial service offerings, Boeing Global Services unsurpassed, around-the-clock support keeps our customers commercial aircraft operating at high efficiency, and provides mission assurance for nations around the world. The shareholder lawsuit alleges the exit package is because a dispute between Muilenburg and the board would have exposed the boards mistakes. . Copyright 1995 - 2023 Boeing. 929 Long Bridge Drive Arlington Virginia 22202 United States. All directors attended the annual meeting in June 2022. They argued that the board had neglected their oversight duty, failing to hold Boeing accountable for safety before and after the crashes of two 737 MAX airplanes that killed 346 people in 2018 and 2019. Stockholder plaintiffs sued Boeing's board, seeking to recover costs and economic losses associated with the crash of two 737 MAX jetliners. James H. Chilton. We argue that theres much other boards can learn from the Boeing shareholder suit. The safety of Boeing employees, their dependents and visitors to our sites is a top priority. While the Board's action extends the mandatory retirement age for Mr. Calhoun to April 1, 2028, there is no fixed term associated with his employment. According to Boeing announcement, Arthur Collins and Susan Schwab, two longtime directors, would step down in April 2020 as the company's board is undergoing changes in the wake of the Boeing 737 MAX crisis. Uma Amuluru. Celebrate 100 years of Boeing with 100 Days of learning. 3. Contact Members of the news media should direct queries to media@boeing.com or 312-544-2002. Settlement Stipulation and Exhibits (PDF), Site Terms | Privacy and Cookie Statement | Ad Choices The accounting method, impressive outlooks/backlog suppressed any critical remark on buybacks, portfolio, debt. She previously served as the Assistant Vice Chief of Staff and Director, Air Staff, Headquarters United States Air Force. The board also plans in the near term to name a new director with deep safety experience and expertise to serve on the board and its newly established Aerospace Safety Committee.". Before adding new members, identify the skill sets that are core to achieving your companys mission in its industry. CST-100 Starliner Test Article domes mated into full capsule for first time at Kennedy Space Center. CST-100 Starliner Test Article domes mated into full capsule for first time at Kennedy Space Center. Exhibit 99.2 . By then, the aerospace company . and General Together we will innovate and operate to make the world a better place for future generations. Its broad range of capabilities includes creating new, more efficient members of its commercial airplane family; designing, building and integrating military platforms and defense systems; creating advanced technology solutions; and arranging innovative financing and service options for customers. The CEO of Medtronic, a Boeing . Boeings diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the companys core values of safety, quality and integrity. He commanded the submarine USS Honolulu and served as naval aide to the President of the United States. Wherever. Restated Certificate of Incorporation (PDF). "Dave is a proven leader with deep aerospace, manufacturing and supply chain expertise," said Boeing Chairman Larry Kellner. Supporting these units is Boeing Capital Corporation, a global provider of financing solutions. Boeing's board has been harshly criticized in the wake of two fatal crashes of the 737 Max. Five lessons from the 737 MAX shareholder lawsuit. ContactBoeing Communicationsmedia@boeing.com, Site Terms | Privacy & Cookie Policy | Ad Choices | Cookie Settings. Harris's recognitions include the Distinguished Service Medal with oak leaf cluster, Defense Superior Service Medal, Legion of Merit, Meritorious Service Medal with three oak leaf clusters, Aerial Achievement Medal, Joint Meritorious Unit Award, Air Force Outstanding Unit Award, Meritorious Unit Award, Air Force Outstanding Unit Award with three oak leaf clusters, Combat Readiness Medal with bronze star, Global War on Terrorism Service Medal, and Armed Forces Reserve Medal with bronze hourglass. Calhoun said, "The board has full confidence in Dennis as CEO and believes this division of labor will enable maximum focus on running the business with the board playing an active oversight role. The Board recommends that you vote FOR each of the 13 director nominees. Directors agree to comply with the Corporate Governance Principles and the Code of Ethical Business Conduct, as well as all other applicable publicly disclosed corporate governance, ethics, conflict of interest, confidentiality, stock ownership and trading policies, and guidelines of the Company. Under the Articles of Association, the Board of Directors is responsible for the management of the Company and consists of a maximum of 12 members, appointed and removed at the Shareholders' Meeting.The Board is charged with the overall conduct of the Company, the management, direction and performance of the Company and its business. The Global Services segment provides services to commercial and defense customers. After an intensive five-month review, the committee recommended several actions that have been implemented to strengthen Boeing's safety practices and culture, including: creating a permanent Aerospace Safety Committee, which Admiral Giambastiani has chaired since its inception; establishing a Product and Services Safety Organization reporting to senior company leadership and the Aerospace Safety Committee; realigning Engineering teams into a unified organization under the Chief Engineer to further strengthen the Company's engineering function; establishing a formal Design Requirements program; enhancing the company's Continued Operation Safety Program; re-examining flight deck design and operation assumptions; and expanding the role and reach of the company's Safety Promotion Center. Copyright 1995 - 2023 Boeing. CHICAGO, Dec. 23, 2019 /PRNewswire/ -- Boeing [NYSE: BA] announced today that its Board of Directors has named current Chairman, David L. Calhoun, as Chief Executive Officer and President, effective January 13, 2020.Mr. He is the first African American to serve as chair in the organization's 121-year history. The Boeing Co. is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems.