Company: BA
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049921
Chunk: 26

Company: BOEING CO
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 26
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     | 2025 Proxy Statement |

CORPORATE GOVERNANCE long-term plan for effective senior leadership development and succession, as well as short-term contingency plans. The Board, with assistance from the GPP Committee, oversees succession planning for the CEO and other senior leaders. Working with the GPP Committee and senior management, the Board identifies the qualities, skills and characteristics for the CEO and other senior management positions necessary to achieve the Company’s long-term strategy. The CEO and Chief Human Resources Officer brief the Board and the GPP Committee at least annually on detailed succession plans for key senior leadership positions. The Board’s succession planning activities are ongoing and strategic with matters relating to succession being regularly discussed in meetings and in executive sessions, all aimed at ensuring a continuous and robust talent pipeline in the short- and long-term. Directors become familiar with, and have direct interaction with, potential candidates for key management positions through various means, such as regular business reviews, formal presentations to the Board and informal meetings and events. These meetings enable directors to personally assess candidates and help cultivate future leaders. (See “Outside the Boardroom” on page 36.) In 2024, after David Calhoun announced his intention to step down as President and CEO at the end of the year, the GPP Committee and the Board, under the leadership of Mr. Mollenkopf, conducted a thorough and thoughtful succession process for a CEO to succeed Mr. Calhoun. The Board, informed by discussions with customers, regulators, investors, suppliers, employees, retired Boeing leaders, and industry partners, prioritized identifying and electing a CEO with the skills and experience necessary to successfully lead the Company through its next chapter. As a result of this extensive search process, which included both internal and external candidates, the Board elected Kelly Ortberg as the new President and CEO, and as a Board member, effective August 8, 2024, succeeding Mr. Calhoun. (See “CEO Transition” on page 7.) Culture At Boeing, we are committed to innovating for the future, cultivating a culture based on the Company’s core values of safety, quality, integrity and sustainability. Across our global enterprise, Boeing employees are united by a shared commitment to our values, which serve as the guiding principles for all we do. As we innovate and operate to make the world better, each one of us takes personal accountability for living these values and leading the way forward for our teams, our customers, our stakeholders, and the communities in which we live and work.