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Posted 15 January, 2021

BOEING CO appointed new CEO

CEO Change detected for ticker NYSE:BA in a 8-K filed on 15 January, 2021.


  On January 13, 2021, the Board of Directors (the "Board") of The Boeing Company (the "Company") elected Lynne M. Doughtie, former U.S. Chairman and Chief Executive Officer of KPMG, as a new director.  

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Overview of BOEING CO
Industrial Goods • Aerospace Products/Parts
The Boeing Co. is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide. The Defense, Space and Security segment refers to the research, development, production and modification of manned and unmanned military aircraft and weapons systems for global strike, including fighter and combat rotorcraft aircraft and missile systems, global mobility, including tanker, rotorcraft and tilt-rotor aircraft, and airborne surveillance and reconnaissance, including command and control, battle management and airborne anti-submarine aircraft. The Global Services segment provides services to commercial and defense customers. The Boeing Capital segment seeks to ensure that Boeing customers have the financing they need to buy and take delivery of their Boeing product and manages overall financing exposure. The company was founded by William Edward Boeing on July 15, 1916, and is headquartered in Arlington, VA.
Market Cap
$122B
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Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On January 13, 2021, the Board of Directors (the "Board") of The Boeing Company (the "Company") elected Lynne M. Doughtie, former U.S. Chairman and Chief Executive Officer of KPMG, as a new director. The Board has appointed Ms. Doughtie to the Audit Committee and the Finance Committee. She will participate in the Company's nonemployee director compensation program, which is described on pages 26 to 28 of the Company's proxy statement for its 2020 Annual Meeting of Shareholders filed with the Securities and Exchange Commission on March 13, 2020.


Effective upon Ms. Doughtie's election, Caroline B. Kennedy resigned from the Board. Ms. Kennedy's resignation is not due to any disagreement with the Company on any matter relating to its operations, policies or practices.


A copy of the Company's press release relating to these matters is attached hereto as Exhibit 99.1 and is incorporated herein by reference.