NEW YORK: Boeing shareholders voted Friday to back outgoing CEO Dave Calhoun's pay deal and re-election to the board, in an endorsement of company leadership as it faces heavy scrutiny over safety problems.
In communications to investors ahead of the annual meeting, Boeing emphasised its aggressive response to the Alaska Airlines incident that included a leadership shakeup announced in late March.. The company also named former Qualcomm CEO Steve Mollenkopf as the new chairman who will oversee the executive search.
Mollenkopf and Calhoun took questions on safety, executive compensation and other topics, but the queries were read by a company official in a heavily managed process in which actual shareholders did not speak. "While the Alaska Airlines Flight 1282 accident shows that Boeing has much work yet to do, the board believes that Mr Calhoun has responded to this event in the right way," Boeing said in the filing.
Source: News Formal (newsformal.com)
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