---
schema_version: "secwatch.filing_event.v1"
accession: "0000012927-24-000058"
form_type: "8-K"
ticker: "BA"
cik: "0000012927"
company_name: "BOEING CO"
filed_at: "2024-07-31T23:59:59+00:00"
generated_at: "2026-05-31T14:17:21.977691+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000012927-24-000058
- form_type: 8-K
- ticker: BA
- cik: 0000012927
- company_name: BOEING CO
- filed_at: 2024-07-31T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/12927/000001292724000058/0000012927-24-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/12927/000001292724000058/ba-20240730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000012927-24-000058
- JSON: https://secwatch.observer/filing/0000012927-24-000058.json
- Plain text: https://secwatch.observer/filing/0000012927-24-000058.txt

## Key facts
- Executive change
  David L. Calhoun resigned as President and Chief Executive Officer at BOEING CO.
  - Action: resigned
  - Role: President and Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/12927/000001292724000058/0000012927-24-000058-index.htm
- Executive change
  Robert K. (Kelly) Ortberg was elected as President and Chief Executive Officer at BOEING CO.
  - Action: elected
  - Role: President and Chief Executive Officer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/12927/000001292724000058/0000012927-24-000058-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.