Boeing elects Kelly Ortberg as President & CEO effective Aug 8, 2024

BOEING CO

Ortberg, 64, brings over 35 years of aerospace leadership, previously CEO of Rockwell Collins and Collins Aerospace.
He succeeds Dave Calhoun, who resigned as CEO and will serve as senior advisor until retirement on March 1, 2025.
Compensation: $1.5M base salary, $3M annual incentive target, $17.5M long-term incentive for 2025.
Ortberg also receives $1.25M cash award, $8M RSUs vesting over 3 years, and $8M performance option with 120% strike price.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

David L. Calhoun

President and Chief Executive Officer

BA · BOEING CO

Effective: 2024-08-08
Successor: Robert K. (Kelly) Ortberg
Filed: July 31, 2024, 7:59 PM ET

Mr. Ortberg succeeds David L. Calhoun, who on July 30, 2024 tendered his resignation as President and Chief Executive Officer and as a director, effective as of the Transition Date.

Appointed

Robert K. (Kelly) Ortberg

President and Chief Executive Officer

BA · BOEING CO

Effective: 2024-08-08
Filed: July 31, 2024, 7:59 PM ET

On July 30, 2024, the Board of Directors (the “Board”) of The Boeing Company (the “Company”) elected Robert K. (Kelly) Ortberg to serve as President and Chief Executive Officer and as a member of the Board, in each case effective as of August 8, 2024

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David L. Calhoun resigned as President and Chief Executive Officer at BOEING CO.

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

Mr. Ortberg succeeds David L. Calhoun, who on July 30, 2024 tendered his resignation as President and Chief Executive Officer and as a director, effective as of the Transition Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert K. (Kelly) Ortberg was elected as President and Chief Executive Officer at BOEING CO.

Action: elected
Role: President and Chief Executive Officer

Exact text from the filing

On July 30, 2024, the Board of Directors (the “Board”) of The Boeing Company (the “Company”) elected Robert K. (Kelly) Ortberg to serve as President and Chief Executive Officer and as a member of the Board, in each case effective as of August 8, 2024

View on SEC.gov

BOEING CO filing history →

Source: SEC EDGAR

accession 0000012927-24-000058

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