April 21, 2021, (c) Leeham News: Boeing announceed April 20 that the Board extended CEO David Calhoun’s mandatory retirement age from 65 to 70. Calhoun was 64 on April 18 and had one year to accomplish everything that needs to be done.
Now, with six years, he can finish structuring Boeing and presumably launch a new airplane program.
Also announced on April 20 is that Greg Smith, the chief financial officer and EVP of strategy and other things, will retire July 9. Smith was named CFO in 2011. Some thought he might be in line to become CEO once Calhoun stepped down at age 65.
Richard Aboulafia of The Teal Group is LNA’s guest on this episode of 10 Minutes About to discuss these developments.