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Boeing Co said on Tuesday Chief treasurer Greg Smith will retire in July.
The U.S. planemaker also said the utmost retirement age for Chief Executive David Calhoun has been extended to 70 years from 65 years.
Investors are going to be looking forward to more details and color on the company’s board and executive leadership during its annual shareholders meeting afterward Tuesday.
Smith, a 30-year veteran at Boeing, has been leading a business transformation that has cost-cutting and shuffling resources to assist Boeing emerge stronger once the COVID-19 and 737 MAX crises ebb.
He was also seen by some people within the industry as a possible candidate for the highest executive role after Calhoun.
Smith was appointed chief treasurer in 2011. He then served in additional roles because the executive vice chairman of Finance, Enterprise Performance and Strategy, then executive vice chairman of Enterprise Operations, Finance and Sustainability.
Prior to becoming CFO, he was corporate controller and vice chairman of Finance. therein role he served as Boeing’s principal liaison with the board of directors’ audit committee on regulatory compliance.