Summary
Boeing's February 8, 2010, 8-K filing announces a significant change in its financial leadership, appointing Greg Smith as Vice President of Finance and Corporate Controller, effective February 9, 2010. In this role, Mr. Smith will also assume the responsibilities of the company's chief accounting officer. This appointment marks a progression for Mr. Smith, who previously held the position of Vice President of Financial Planning and Analysis since June 2008 and has prior experience within Boeing's Shared Services Group as controller. This executive transition is accompanied by a move for Robert J. Pasterick, the outgoing Vice President of Finance and Corporate Controller, who will now serve as President of the Shared Services Group. The filing indicates that Mr. Smith's compensation will be commensurate with his new role, with no additional awards granted specifically for this appointment. The company also attached a press release detailing these executive changes as an exhibit to the filing.
Key Highlights
- 1Greg Smith appointed Vice President of Finance and Corporate Controller, effective February 9, 2010.
- 2Greg Smith will also serve as Boeing's chief accounting officer.
- 3Smith's prior experience includes VP of Financial Planning and Analysis and Controller of Boeing's Shared Services Group.
- 4Robert J. Pasterick transitions from VP of Finance and Corporate Controller to President of Shared Services Group.
- 5Mr. Smith's compensation will be consistent with his new role's responsibilities; no new equity awards were granted for this appointment.
- 6The filing includes a press release detailing these executive changes as Exhibit 99.1.