By Jon Hemmerdinger2021-02-17T23:25:00+00:00
Two Boeing board members will step down when their terms expire, bringing further change to a Boeing leadership team that has undergone substantial shift since the 737 Max grounding.
Board members Arthur Collins and Susan Schwab “will retire from the board when their terms expire and will not stand for reelection” during the company’s annual shareholder meeting, scheduled for 20 April, Boeing says on 27 February.
Boeing does not confirm when those terms expire.
Source: Boeing
Collins, a Boeing director since 2007, was formerly chief executive of medical device company Medtronic and advisor with investment firm Oak Hill Capital.
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Boeing’s ousted CEO resurfaces at Silicon Valley tractor maker
Former Boeing Co. Chief Executive Officer Dennis Muilenburg is joining Monarch Tractor, a Silicon Valley startup that’s angling to be the Tesla Inc. of the agriculture world with an all-electric tractor that is “driver optional.”
While Monarch isn’t a household name, it combines longstanding interests for Muilenburg, an engineer by training who grew up on an Iowa farm and served on Caterpillar Inc.’s board for nine years. He is an investor and adviser as the Livermore, California-based company prepares to deliver the first of its $50,000 tractors late next year.