US aerospace giant Boeing has been criticized for extending the standard retirement age for directors from age 65 to 70 to allow CEO David Calhoun to potentially stay at the helm until 2028.
Calhoun, who has been president and chief executive of the company since he took over from beleaguered predecessor Dennis A. Muilenburg in January 2020, turned 64 this year and the board cited his performance so far and the need for continuity as reasons for the decision.
READ: Runway to smart, sustainable and safe restart
The move was slammed by lawyers representing families of victims of one of two 737 read more ⇒
Source:: AirlineRatings.Com