Boeing Director Edward Liddy resigns board seat

The Boeing Company board of directors accepted the resignation of Edward M. Liddy, who last month was named chairman and chief executive officer of American International Group. Liddy offered his resignation based upon his concerns that he would no longer qualify as an independent director on the Boeing board under NYSE director independence standards. AIG’s aircraft leasing subsidiary, ILFC, and Boeing have a significant business relationship. The board shared that view and accepted Liddy’s resignation with regret.