Boeing Board Of Directors Extends Mandatory Retirement Age For CEO Dave Calhoun

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The Boeing Company has announced that its Board of Directors has extended the company’s age-65 standard retirement to age 70 for President and Chief Executive Officer (CEO) David L. Calhoun. Mr Calhoun, 64, has served as Boeing’s President and CEO since Jan. 13, 2020.

Larry Kellner, Boeing Chairman said: “Under Dave’s strong leadership, Boeing has effectively navigated one of the most challenging and complex periods in its long history. 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. And, in the face of unprecedented challenges brought on by the global pandemic, he has taken proactive actions to ensure Boeing remains strongly positioned for the recovery in the aviation industry.”

“Given the substantial progress Boeing has made under Dave’s leadership, as well as the continuity necessary to thrive in our long-cycle industry, the Board has determined that it is in the best interests of the company and its stakeholders to allow the Board and Dave the flexibility for him to continue in his role beyond the company’s standard retirement age,” Kellner added.

Boeing said 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.

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