Summary
The Boeing Company filed an 8-K on February 10, 2009, primarily to announce a key executive change within its finance department. Robert J. Pasterick has been appointed as the new Vice President of Finance and Corporate Controller, also assuming the role of Chief Accounting Officer. This appointment follows Mr. Pasterick's extensive experience within Boeing, including his recent role as Vice President and Chief Financial Officer for Boeing Commercial Airplanes. The report also details a transition for the outgoing Controller, Harry S. McGee III, who will move to a new role focusing on Strategy Integration for Internal Services. The compensation for Mr. Pasterick in his new role is noted as being consistent with his seniority and responsibilities, with no additional compensation or equity awarded specifically for this appointment. This management change is a significant event for investors to note as it impacts the company's financial leadership.
Key Highlights
- 1Appointment of Robert J. Pasterick as Vice President of Finance and Corporate Controller.
- 2Mr. Pasterick will also serve as Boeing's Chief Accounting Officer.
- 3Pasterick brings extensive financial leadership experience, most recently as VP and CFO for Boeing Commercial Airplanes.
- 4Harry S. McGee III transitions from VP of Finance and Corporate Controller to VP of Strategy Integration for Internal Services.
- 5Mr. Pasterick's compensation and equity awards are consistent with his new role and responsibilities.
- 6No additional compensation or equity was awarded to Mr. Pasterick for this appointment.
- 7The change in financial leadership is effective February 10, 2009.