Official Boeing press releases or major aerospace news outlets.

Boeing Shareholders Re-Elect Outgoing CEO Calhoun to Board, Approve $33 Million Pay Package

May 17, 2024, 04:18 PM

Boeing shareholders have voted to re-elect outgoing CEO Dave Calhoun to the company's board during the annual general meeting held on Friday. This decision comes amid investor expectations for clarity on the future leadership of the planemaker. Additionally, shareholders approved a $33 million pay package for Calhoun, marking the highest compensation ever granted to a Boeing CEO and representing a 45% increase from his 2022 compensation. The full slate of 11 Boeing directors was also re-elected during the meeting. The vote to re-elect Calhoun was based on a preliminary tally, and the approval came despite ongoing safety woes faced by the company.