8-KLeadership ChangesExhibits & Filings

BOEING CO 8-K Report, Executive Changes (Feb 28, 2014)

Filed February 28, 2014For Securities:BABA-PA

Summary

This 8-K filing from Boeing Co. on February 28, 2014, primarily announces a key executive leadership change within its finance department. Effective April 1, 2014, Robert E. Verbeck has been appointed as the new Vice President of Finance and Corporate Controller, also assuming the role of Chief Accounting Officer. This transition involves Diana L. Sands moving from her current role to Senior Vice President of the Office of Internal Governance, replacing Wanda Denson-Low, who plans to retire. Investors should note Mr. Verbeck's extensive experience within Boeing, particularly in financial leadership roles across its defense and space divisions. This appointment signifies a strategic move to fill a critical financial oversight position. The filing also confirms that Verbeck's compensation will be commensurate with his new responsibilities, and no material changes to compensatory arrangements or awards were made in conjunction with this appointment.

Key Highlights

  • 1Robert E. Verbeck appointed Vice President of Finance and Corporate Controller, effective April 1, 2014.
  • 2Mr. Verbeck will also serve as Boeing's Chief Accounting Officer.
  • 3Diana L. Sands transitions to Senior Vice President, Office of Internal Governance.
  • 4Wanda Denson-Low, current Senior Vice President of Internal Governance, is retiring.
  • 5Mr. Verbeck brings significant financial leadership experience from Boeing Defense, Space & Security.
  • 6Verbeck's compensation will be consistent with his seniority and responsibilities; no new material compensatory arrangements were created.
  • 7The filing was made on February 27, 2014, with the earliest event reported on February 24, 2014.

Frequently Asked Questions

Robert E. Verbeck has been appointed as the new Vice President of Finance and Corporate Controller, effective April 1, 2014. He will also assume the role of Chief Accounting Officer.

This appointment fills a crucial role in financial oversight and accounting leadership. Mr. Verbeck's experience within Boeing's defense sector suggests continuity and deep understanding of the company's financial operations. The transition of Diana L. Sands to Internal Governance also indicates a focus on corporate oversight.

Mr. Verbeck, 55, has a substantial history within Boeing, having served as Vice President and Chief Financial Officer of Boeing Defense, Space & Security since January 2011. Prior to that, he held CFO roles in Boeing Military Aircraft and served as Controller for Boeing Defense, Space & Security.

The filing states that Mr. Verbeck will receive salary, bonus, and equity awards consistent with his new role and responsibilities. Importantly, the company has not entered into or materially amended any compensatory arrangements or granted/amended material awards in connection with this specific appointment.