Boeing Extends Mandatory CEO Retirement Age

Boeing's (NYSE: BA) long-serving chief financial officer will retire this summer, but the aerospace giant is taking steps to make sure CEO Dave Calhoun doesn't quickly follow him out the door.

In a statement, Boeing said that Gregory D. Smith, who has served as CFO since 2011, will retire effective July 9. The board is also extending the company's standard CEO retirement age from 65 to 70, allowing Calhoun, 64, more time at the helm.

Image source: Boeing.

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Source Fool.com