Dave Calhoun, Chairman of Boeing
Adam Jeffery | CNBC
Boeing said on Tuesday it was raising the mandatory retirement age of its 64-year-old CEO from 65 to 70, as the company still faces challenges from the coronavirus pandemic, production issues and the aftermath of two accidents involving its top-selling aircraft.
Boeing chief financial officer Greg Smith will retire in July, the manufacturer said. Boeing said it was looking for its replacement.
“Under Dave’s strong leadership, Boeing has effectively followed one of the most challenging and complex periods in its long history,” Boeing chairman Larry Kellner said in a press release. “Given the significant progress that Boeing has made under Dave’s leadership, as well as the continuity needed 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 join the board and Dave. the flexibility for him to continue in his role beyond the standard retirement age of the company.
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