Boeing Co. said Tuesday it has raised its “age-65 standard retirement” for Chief Executive David Calhoun to age 70. Calhoun, who is 64, has been the aerospace and defense giant’s CEO since January 2020. The mandatory retirement for Calhoun is now extended to April 1, 2028, but the company said there is no fixed term associated with Calhoun’s employment. Separately, Boeing said Chief Financial Officer Gregory Smith has decided to retire, effective July 9, after more than 30 years with the company. Boeing is searching for Smith’s successor. Boeing’s stock, which fell 1.0% in premarket trading, has rallied 14.1% year to date through Monday, while the Dow Jones Industrial Average has gained 11.3%.
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