Hello, Guest!

David Calhoun Named Boeing Lead Director, Kenneth Duberstein Nominated for Re-election to Board

David Calhoun

David Calhoun, a board member at Boeing (NYSE: BA) since 2009, has been elected to succeed Kenneth Duberstein as lead director of the Chicago, Illinois-based defense and aerospace contractor’s board in a move that takes effect April 30.

“Dave is a tremendous asset to Boeing, bringing invaluable skills and experience in strategic leadership, corporate governance and operations from his broad career in technology, aerospace and finance,” Dennis Muilenburg, Boeing chairman, president and CEO, said in a statement published Friday.

Kenneth Duberstein

Calhoun is a senior managing director and head of private equity portfolio operations at the Blackstone Group (NYSE: BX) and serves as independent board chairman at Caterpillar (NYSE: CAT) and Gates Corp.

He previously served as board chairman and CEO at Nielsen Holdings (NYSE: NLSN) and held senior leadership roles at General Electric (NYSE: GE) during his 26-year career there.

Duberstein, a Boeing director since 1997, has been nominated for re-election to the company’s board to serve as a director for another year and facilitate the transition of the lead director post to Calhoun.

He is set for re-election at the company’s annual shareholders’ meeting, which is scheduled by the end of April, after the board cleared a waiver of its policy for director retirement.

Duberstein, former White House chief of staff, is CEO and chairman of the Duberstein Group and sits on the boards of The Travelers Companies (NYSE: TRV) and Mack-Cali Realty (NYSE: CLI).

Video of the Day