8-KLeadership Changes

BOEING CO 8-K Report, Executive Changes (Aug 21, 2026)

Filed August 21, 2026For Securities:BABA-PA

Summary

The Boeing Company (BA) announced a significant leadership change within its financial reporting structure through an 8-K filing dated August 21, 2026. The Board of Directors has appointed Ryan L. Shedd as the new Senior Vice President and Controller, and importantly, the Company's principal accounting officer. This appointment will be effective following the Company's 2026 Form 10-K filing. Mr. Shedd's background includes extensive experience as an Assurance Partner at Ernst & Young LLP, suggesting a strong foundation in accounting and auditing practices. This transition comes as the current Controller, Michael J. Cleary, who has served in the role since March 2023 and with the Company for over two decades, plans to retire in 2027. Investors should view this as a planned succession, aiming to ensure continuity and leverage Mr. Shedd's expertise in financial oversight. The filing also details Mr. Shedd's compensation package, including a base salary, annual incentives, a long-term incentive award beginning in 2027, and a sign-on bonus, reflecting the importance of this role.

Key Highlights

  • 1Ryan L. Shedd appointed Senior Vice President and Controller, effective after the 2026 10-K filing.
  • 2Mr. Shedd will also serve as Boeing's principal accounting officer.
  • 3This appointment represents a planned succession, with the current Controller, Michael J. Cleary, retiring in 2027.
  • 4Mr. Shedd brings nearly two decades of experience from Ernst & Young LLP, most recently as an Assurance Partner.
  • 5Mr. Shedd's compensation includes a $600,000 base salary, annual incentives, and a long-term incentive award starting in 2027.
  • 6A cash sign-on award of $300,000 is part of Mr. Shedd's compensation package.

Frequently Asked Questions

Ryan L. Shedd has been appointed as the new Senior Vice President and Controller. He will also assume the role of the Company's principal accounting officer.

Mr. Shedd's appointment as Senior Vice President and Controller will be effective as of the first business day following the Company’s filing of its Annual Report on Form 10-K for the year ended December 31, 2026.

This change is part of a planned succession. The current Senior Vice President and Controller, Michael J. Cleary, who has served with the Company for over two decades, plans to retire in 2027.

Mr. Shedd has nearly two decades of experience from Ernst & Young LLP, where he most recently served as an Assurance Partner since July 2021. He will join Boeing in September 2026 as a Senior Vice President, Finance, before transitioning into the Controller role.