Summary
Boeing announced significant leadership changes within its executive team, particularly in its Defense, Space & Security (BDS) and Global Services (BGS) divisions. Leanne G. Caret, EVP, President and CEO of BDS, will retire later this year, transitioning to a Senior Advisor role effective April 1, 2022. This move triggers a series of promotions designed to ensure continuity and leverage experienced leadership. Ted Colbert III, previously EVP, President and CEO of BGS, will assume the role of President and CEO of BDS. His compensation for this new position includes an annual salary of $1,000,000 and an annual incentive target of $1,000,000. Stephanie F. Pope, who held a senior leadership position within BGS, will succeed Mr. Colbert as EVP, President and CEO of BGS. These appointments underscore Boeing's focus on internal talent development and strategic leadership succession.
Key Highlights
- 1Leanne G. Caret, a key executive in Boeing Defense, Space & Security (BDS), is retiring later this year and will transition to a Senior Advisor role.
- 2Effective April 1, 2022, Ted Colbert III will be appointed President and CEO of Boeing Defense, Space & Security.
- 3Ted Colbert III's compensation for his new role includes a base salary of $1,000,000 and an annual incentive target of $1,000,000.
- 4Stephanie F. Pope has been appointed Executive Vice President, President and CEO of Boeing Global Services.
- 5These executive changes reflect a strategic leadership succession plan within Boeing's major divisions.
- 6The filing was made on March 28, 2022, concerning events that took effect on March 24, 2022.