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an expanded role in his capacity as non-executive chairman. Stonecipher will also leave the company’s Board; all changes are effective immediately. The Board actions were taken following an investigation by internal and external legal counsel of the facts and circumstances surrounding a personal relationship between Stonecipher and a female executive of the company who did not report directly to him. The Board determined that his actions were inconsistent with Boeing’s Code of Conduct. “The Board concluded that the facts reflected poorly on Harry’s judgment and would impair his ability to lead the company, ” said Platt. “The resignation was in no way related to the company’s operational performance or financial condition, both of which remain strong. However, the CEO must set the standard for unimpeachable professional and personal behavior, and the Board determined that this was the right and necessary decision under the circumstances, ” he said. An anonymous female whistleblower had reported the relationship to Lew Platt eleve

Topics: president and CEO on an interim basis, with Board Chairman Lew Platt assuming
Year: 2014
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