Skip to content
Subscriber Only

Boeing Sticks With CEO Calhoun as Potential Successor Exits

  • Finance chief Smith to leave in July in surprise departure
  • Shake-up raises questions on strategy amid aviation crisis
Dave Calhoun

Dave Calhoun

Photographer: Christopher Goodney/Bloomberg
Updated on

Boeing Co. is sticking with Chief Executive Officer Dave Calhoun to guide the company through a long and uncertain recovery, while parting ways with a potential contender for his job.

The company’s board raised Calhoun’s retirement age to 70, citing the 64-year-old’s “substantial progress” in ending the 737 Max grounding and bringing the planemaker back from the Covid-19 pandemic. In another surprise, Boeing said Tuesday that Chief Financial Officer Greg Smith will exit July 9 after guiding the company’s operations through years of turmoil.