CHICAGO, Feb. 24, 2020 /PRNewswire/ -- The Boeing Company
[NYSE: BA] Board of Directors has nominated Steve Mollenkopf and Akhil Johri to be elected as directors at the
company's upcoming annual meeting of shareholders. The board also
announced independent directors Edward
Liddy and Mike Zafirovski
will not stand for re-election and will retire from board service
at the meeting.
Mollenkopf, 51, has served as CEO of Qualcomm Incorporated since
2014. He has helped lead the company through the transitions to 3G,
4G and 5G since the beginning of his career as an engineer more
than 25 years ago. Johri, 58, served as CFO of United Technologies
Corporation from 2015 to 2019. He previously held various executive
positions of increasing responsibility over his 31-year career at
the company and currently serves as an independent director of
Cardinal Health.
"Our announcement today reflects our rigorous succession
planning, which ensures we maintain the right balance of skills and
experience to effectively govern the company," said Boeing Chairman
Larry Kellner. "We are pleased to
welcome Steve and Akhil to the Boeing Board. They are proven
leaders at complex, global enterprises and together will bring
significant additional safety, engineering, software and financial
experience to our board. I also thank our two retiring directors,
who have provided leadership and exemplary service to the board. Ed
has reached the board's mandatory retirement age, and Mike has
decided not to stand for re-election after 15 years on our
board."
"Serving alongside Ed and Mike on the Boeing Board has been a
privilege," said Boeing President and CEO David Calhoun. "I look forward to benefiting
from Steve's strong leadership skills and deep experience in
developing, testing and deploying technologies at scale, and from
Akhil's world-class financial expertise, particularly in relation
to the manufacturing of aerospace systems."
"I am honored to be nominated as a director of Boeing and look
forward to the opportunity to work with the board and the executive
team," said Mollenkopf.
"Boeing has a respected history of delivering on its commitments
to stakeholders, and I look forward to supporting the continuation
of that track record as a member of its board," said Johri.
Steve Mollenkopf
Steve Mollenkopf is CEO of
Qualcomm Incorporated and serves on the company's board of
directors. Since becoming CEO in 2014, Mollenkopf has led the
company through the development of 5G and brought the benefits of
mobile technologies to new industries through an increasingly
diverse product portfolio. Previously, Mollenkopf served as
Qualcomm's president and COO, a role which oversaw Qualcomm's
investment in technologies that propelled smartphones into the
mainstream. Prior to his role as president and COO, Mollenkopf led
the company's chipset business, overseeing the launch of 4G
technology. He helped make Qualcomm the world's largest mobile
chipset supplier and a global leader in LTE technology. He holds a
bachelor's degree in electrical engineering from Virginia Tech and a master's degree in electrical
engineering from the University of
Michigan.
Akhil Johri
Akhil Johri served as executive
vice president and CFO of United Technologies Corporation from
January 1, 2015 to November 1, 2019. Johri returned to United
Technologies in 2015 after serving as CFO for Pall Corporation, a
publicly traded leader in filtration, separation and purification
solutions. Prior to joining Pall Corporation, Johri spent 26 years
at United Technologies in various executive positions of increasing
responsibility. Prior to his role as CFO, Johri was vice president
of finance and CFO for UTC Propulsion & Aerospace Systems,
which included Pratt & Whitney and UTC Aerospace Systems.
Before that, he led UTC's Investor Relations and Financial Planning
& Analysis groups. Johri also had senior financial roles at UTC
Fire & Security and Carrier Corporation, including 12 years in
the Asia Pacific region. Johri
also serves as an independent director on the board of Cardinal
Health, Inc.
This Press Release Does Not Constitute a Solicitation of
Proxies
This press release is not a solicitation of proxies from holders
of common stock of The Boeing Company (the "Company"). The Company
will provide shareholders with a proxy statement and other relevant
materials in connection with the 2020 Annual Meeting of
Shareholders. Any solicitation of proxies by or on behalf of the
Company in connection with the 2020 Annual Meeting of Shareholders
will be conducted upon and following the dissemination of the proxy
statement and other materials in accordance with applicable law. We
urge shareholders to read the proxy statement and any other
relevant documents to be filed with the SEC when available, as such
documents will contain important information. Shareholders will be
able to receive the proxy statement and other relevant documents
free of charge at the SEC's website at http://www.sec.gov or at
http://www.boeing.com.
Boeing is the world's largest aerospace company and leading
provider of commercial airplanes, defense, space and security
systems, and global services. As a top U.S. exporter, the company
supports commercial and government customers in more than 150
countries. Boeing employs more than 160,000 people worldwide and
leverages the talents of a global supplier base. Building on a
legacy of aerospace leadership, Boeing continues to lead in
technology and innovation, deliver for its customers and invest in
its people and future growth.
Contact
Boeing Communications
media@boeing.com
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SOURCE Boeing