Boeing’s 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. Calhoun, 64, has served as Boeing’s President and CEO since Jan. 13, 2020. While the Board’s action extends the mandatory retirement age for Calhoun to April 1, 2028, there is no fixed term associated with his employment.
Boeing also announced that Executive Vice President, Enterprise Operations and Chief Financial Officer Gregory D. Smith has decided to retire from the company, effective July 9, 2021. Boeing is conducting a search for Smith’s successor.
Smith was appointed chief financial officer in 2011 and later served in expanded roles as the executive vice president of Finance, Enterprise Performance and Strategy, and more recently executive vice president of Enterprise Operations, Finance and Sustainability. He served as the company’s interim CEO, immediately preceding Calhoun. Prior to his appointment as CFO, he was corporate controller and vice president of Finance, serving as the company’s principal interface with the board of directors’ audit committee to ensure regulatory compliance.