Exhibit 99.1
Boeing Nominates Steve Mollenkopf and Akhil Johri for Election to Board of Directors; Directors Edward Liddy and Mike Zafirovski to Retire from Boeing at Annual Meeting of Shareholders
The Boeing Company [NYSE: BA] Board of Directors today announced that it has nominated Steve Mollenkopf and Akhil Johri to be elected as directors at the company’s upcoming annual meeting of shareholders. The Board also announced that independent directors Edward Liddy and Mike Zafirovski will not stand forre-election and will retire from Board service at the meeting.
Mollenkopf, 51, has served as Chief Executive Officer of Qualcomm Incorporated since 2014 and has helped lead the company through the transitions to 3G, 4G and 5G, since the beginning of his career as an engineer more than 25 years ago. Johri, 58, served as Chief Financial Officer of United Technologies Corporation from 2015 to 2019 where he previously held various executive positions of increasing responsibility over his31-year career at the company and currently serves as an independent director of Cardinal Health.
“Our announcement today reflects our rigorous succession planning, which ensures we maintain the right balance of skills and experience to effectively govern the company,” said Boeing Chairman Larry Kellner. “We are pleased to welcome to the Boeing Board Steve and Akhil. They are proven leaders at complex, global enterprises and together will bring significant additional engineering, software and financial experience to our Board. I also thank our two retiring directors, who have provided leadership and exemplary service to the board. Ed has reached the Board’s mandatory retirement age, and Mike has decided not to stand forre-election after 15 years on our board.”
“Serving alongside Ed and Mike on the Boeing Board has been a privilege,” added Boeing President and CEO David Calhoun. “I look forward to benefiting from Steve’s strong leadership skills and deep experience in developing, testing and deploying technologies at scale and from Akhil’s world-class financial expertise, particularly in relation to the manufacturing of aerospace systems.”
Steve Mollenkopf commented, “I am honored to be nominated as a director of Boeing and look forward to the opportunity to work with the Board and the executive team.”
Akhil Johri said, “Boeing has a respected history of delivering on its commitments to stakeholders, and I look forward to supporting the continuation of that track record as a member of its Board.”
Steve Mollenkopf
Steve Mollenkopf is chief executive officer of Qualcomm Incorporated, and serves on the company’s board of directors. Since becoming CEO in 2014, Mollenkopf has led the company through the development of 5G and has brought the benefits of mobile technologies to new industries through an increasingly diverse product portfolio. Previously, Mollenkopf served as Qualcomm’s president and chief operating officer, a role in which he oversaw Qualcomm’s investment in technologies that propelled smartphones into the mainstream. Prior to his role as president and COO, Mollenkopf led the company’s chipset business, overseeing the launch of 4G technology. He helped make Qualcomm the world’s largest mobile chipset supplier and a global leader in LTE technology. He holds a Bachelor of Science in Electrical Engineering from Virginia Tech and a Master of Science in Electrical Engineering from the University of Michigan.
