Boeing Showing CEO Confidence With Longer Term: Analyst

Extending Boeing CEO Dave Calhoun's employment eligibility to 2028 will let him "see the company through" current challenges and "have a meaningful impact" on future strategic direction, Canaccord Genuity's Ken Herbert wrote investors Wednesday. Boeing announced Tuesday it increased Calhoun's mandatory retirement age to 70. Herbert said the reasons for Chief Financial Officer Greg Smith's July 9 retirement aren't clear, but the hiring of the next CFO could be a sign of future strategic changes. It wouldn't be surprising if other senior-level Boeing departures follow, Herbert said.