x

Posted 01 September, 2021

BOEING CO appointed new CEO

CEO Change detected for ticker NYSE:BA in a 8-K filed on 01 September, 2021.


  On August 31, 2021, the Board of Directors (the "Board") of The Boeing Company (the "Company") elected David L. Joyce as a director. Mr. Joyce retired from General Electric Company ("GE") as vice chair in 2020, where he also served as president and CEO of GE Aviation from 2008 to 2020.  

Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
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
View Company Details
BOEING CO by TradingView
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 August 31, 2021, the Board of Directors (the "Board") of The Boeing Company (the "Company") elected David L. Joyce as a director. Mr. Joyce retired from General Electric Company ("GE") as vice chair in 2020, where he also served as president and CEO of GE Aviation from 2008 to 2020. A 40-year GE veteran, Mr. Joyce joined GE Aviation in 1980 as a product engineer and spent 15 years designing and developing GE's commercial and military engines, before serving in a variety of leadership positions in GE Aviation, including vice president and general manager of Commercial Engines. The Board has appointed him to the Aerospace Safety Committee and the Compensation Committee. Mr. Joyce will participate in the Company's nonemployee director compensation program, which is described on pages 27 to 29 of the Company's proxy statement for its 2021 Annual Meeting of Shareholders filed with the Securities and Exchange Commission on March 5, 2021. 


On August 31, 2021, Admiral Edmund P. Giambastiani Jr. informed the Company that he will retire from the Board at the end of 2021.


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.