Boeing (NYSE: BA) shares are under pressure on Tuesday after the aerospace giant said its chief financial officer is retiring. Investors sometimes view executive departures as a harbinger of bad news, and the stock is off by nearly 5%.
On Tuesday, before markets opened, Boeing announced that CFO Gregory D. Smith would retire effective July 9 after 10 years on the job. Smith is highly regarded on Wall Street, having served briefly last year as interim CEO after Dennis Muilenburg was forced out.
Image source: Boeing.
Source Fool.com