8-KLeadership Changes

BOEING CO 8-K Report, Executive Changes (Mar 15, 2021)

Filed March 15, 2021For Securities:BABA-PA

Summary

This 8-K filing from Boeing (BA) announces a key leadership change within its finance department. Effective April 1, 2021, Carol J. Hibbard has been appointed as Senior Vice President and Controller, also assuming the role of Chief Accounting Officer. Ms. Hibbard brings extensive experience within Boeing, most recently serving as Vice President and Chief Financial Officer of Boeing Defense, Space & Security (BDS) since 2017. Her prior roles include controller of BDS and various financial leadership positions, underscoring her deep understanding of the company's financial operations. This appointment follows the retirement of Robert E. Verbeck, who is stepping down after over 35 years with the company.

Key Highlights

  • 1Boeing appoints Carol J. Hibbard as Senior Vice President and Controller, effective April 1, 2021.
  • 2Ms. Hibbard will also serve as Boeing's Chief Accounting Officer.
  • 3Ms. Hibbard has a long tenure at Boeing, most recently as VP & CFO of Boeing Defense, Space & Security (BDS).
  • 4Her prior experience includes controller roles and executive positions in financial planning & analysis.
  • 5This appointment is a result of the retirement of Robert E. Verbeck, who served as SVP & Controller since 2014.
  • 6Ms. Hibbard's compensation package is consistent with her new role's seniority and scope; no new additional compensation was awarded for this appointment.

Frequently Asked Questions

Carol J. Hibbard has been appointed as the new Senior Vice President and Controller, effective April 1, 2021. She will also assume the responsibilities of Chief Accounting Officer.

Ms. Hibbard has a significant history with Boeing, having served as Vice President and Chief Financial Officer of Boeing Defense, Space & Security (BDS) since May 2017. Prior to that, she held positions such as controller of BDS and various executive roles in financial planning & analysis and operations.

The change is due to the retirement of Robert E. Verbeck, who has served as Senior Vice President and Controller since April 2014 and is retiring after more than 35 years with the company.

According to the filing, Ms. Hibbard will receive compensation, bonus, and equity awards consistent with her new role's seniority and scope. However, no additional compensation or equity has been specifically awarded to her in connection with this appointment.