Boeing Elects Tim Buckley to Board of Directors
Rhea-AI Summary
Boeing has elected Tim Buckley, former Chair and CEO of The Vanguard Group, to its Board of Directors effective January 1, 2025. Buckley, 55, will serve on the Finance and Governance & Public Policy committees. During his leadership at Vanguard, assets under management grew 80% to nearly $10 trillion. He brings 33 years of experience in various roles including Chief Investment Officer and Chief Information Officer. As the board's 12th member, Buckley becomes the tenth new director added since 2019, joining a diverse group with expertise in aerospace, safety, engineering, manufacturing, cyber, AI, software, risk oversight, audit, supply chain management, sustainability and finance.
Positive
- Addition of experienced financial leader with track record of significant growth (80% AUM increase at Vanguard)
- Strengthening of board expertise in finance and governance
- Continuation of board refreshment strategy with 10 new directors since 2019
Negative
- None.
News Market Reaction
On the day this news was published, BA gained 1.48%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Buckley, 55, previously served as Chair and CEO of The Vanguard Group, where he successfully led one of the largest investment management firms in the world, with nearly
"Tim is a renowned, trusted leader who brings the voice of the investor and a track record of business success to our Board," said Boeing Board Chair Steve Mollenkopf. "Tim's familiarity with the broad investor community, expertise managing complex business operations and ability to positively lead through change will bring additional important perspective to our Board."
During Buckley's tenure as CEO, Vanguard's assets under management grew 80 percent, driven by the firm's focus on offering products and developing digital services that improve clients' long-term success. Prior to serving as Vanguard's CEO, Buckley held multiple roles of increasing responsibility throughout his 33-year career at the firm, including as Chief Investment Officer and Chief Information Officer.
The 12th member of the board, Buckley will be the tenth new director added since 2019, as part of the board's refreshment efforts. These directors collectively bring significant experience in aerospace, safety, engineering, manufacturing, cyber, artificial intelligence, software, risk oversight, audit, supply chain management, sustainability and finance.
About Boeing
As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top
Contact
Boeing Media Relations
media@boeing.com
View original content:https://www.prnewswire.com/news-releases/boeing-elects-tim-buckley-to-board-of-directors-302307265.html
SOURCE Boeing
FAQ
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