Proxy adviser Glass Lewis had last month recommended shareholders vote against the re-election of Calhoun and two other Boeing directors
Boeing’s departing CEO Dave Calhoun was re-elected to stay on the troubled company’s board on Friday, even as the plane maker’s chairman said he was gathering feedback from customers and others in its search for a new chief executive.is dealing with a sprawling crisis that includes multiple investigations, possible prosecution for past actions and slumping production of its strongest-selling jet.
Mollenkopf, a former Qualcomm chief, is leading the search to replace Calhoun, who said he would retire by year-end as part of a management shakeup following a January mid-air blowout on a new 737 MAX 9. “The months and years ahead are critically important to our company as we take the necessary steps to regain the trust lost in recent times, get back on track and perform like the company that we all know Boeing can and must be every day.”“I would think it’s going to be a rougher ride, this AGM,” said David Duffy, co-founder and director of the Dublin-based Corporate Governance Institute, in reference to Mollenkopf.
Tony Bancroft, portfolio manager at Gabelli Funds, which owns shares in Boeing, said he believes Calhoun’s pay package is in line with a company of Boeing’s size.
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