Boeing HQ
Today’s news about Boeing includes a new board member, a new defense executive, and a large agenda for CEO Ortberg.
Tim Buckley, the former CEO of Vanguard, will join Boeing’s board. At 55, he is younger than most of the Board, and had experience as chief investment officer and chief information officer for the investment firm. He is slated to join the Finance and Governance, and Public Policy committees of the board.
In another executive move, Boeing has hired Colin Miller from Northrop Grumman to head its Phantom Works research efforts for the Pentagon. It appears that the various Phantom Works operations within several Boeing defense and space units will be centralized under Miller.
With the strike ended, CEO Kelly Ortberg has a lot of work to do at Boeing. The relationship with the IAM was not handled well during the strike, particularly with a ‘best and final’ hardball move the turned out to be a bluff that the union called and won. Looking ahead, there is more to accomplish. The Boeing turnaround will also have a significant impact on the Pacific Northwest region.
In other stories, Ethiopian is another airline whose growth plans are being held up by late Boeing deliveries. The post-election optimism of airlines is being tempered by Boeing’s inability to deliver aircraft on time. Finally, the compensation for Boeing’s new CEO Kelly Ortberg, who is leading a turnaround effort, has been disclosed.
Links to today’s key news follow:
- Boeing names ex-Vanguard CEO Buckley as board member – Reuters
- Boeing hires Northrop executive to revamp Pentagon projects – WSJ
- Boeing strike post-mortem: Ortberg has work to do – Leeham
- Boeing begins to dig out of its crises, with big stakes for the region – Seattle Times
- Boeing strike will hurt Ethiopian Airlines growth: CEO – France 24
- Airline post-election optimism tempered by Boeing woes – Forbes
- Boeing new CEO salary and compensation in FY-24-2025 – Aviation A2Z
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