Boeing (NYSE: BA) hires EY partner with $600K salary, $300K sign-on
Rhea-AI Filing Summary
BOEING CO (BA) reported a senior finance leadership change. The Board appointed Ryan L. Shedd as Senior Vice President and Controller, and principal accounting officer, effective the first business day after the company files its Form 10-K for the year ended December 31, 2026. Shedd will join in September 2026 as Senior Vice President, Finance, then assume the Controller role after a transition, succeeding Michael J. Cleary, who plans to retire in 2027 after more than two decades with the company. Shedd, age 41, has nearly twenty years of experience at Ernst & Young LLP, most recently as an Assurance Partner.
The filing details his compensation: an annual base salary of $600,000, eligibility for an annual incentive award targeted at 70% of base salary, and beginning in 2027, a long-term incentive award targeted at 170% of base salary. He will also receive a $300,000 cash sign-on award subject to repayment conditions, participate in other benefit and compensation plans consistent with his seniority, be based in Seattle, Washington, and receive relocation benefits under Boeing’s relocation policy.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Annual base salary: $600,000
Annual incentive target: 70% of base salary
Long-term incentive target: 170% of base salary
+4 more
7 metrics
Annual base salary
$600,000
Annual base salary for Ryan L. Shedd as Senior Vice President and Controller
Annual incentive target
70% of base salary
Target annual incentive award for Ryan L. Shedd
Long-term incentive target
170% of base salary
Target annual long-term incentive award for Ryan L. Shedd beginning in 2027
Cash sign-on award
$300,000
Cash sign-on award for Ryan L. Shedd, subject to repayment conditions
Planned retirement year
2027
Planned retirement year of Michael J. Cleary
Service length descriptor
more than two decades
Tenure of Michael J. Cleary at Boeing before planned retirement
Age of appointee
41
Age of Ryan L. Shedd at the time of appointment disclosure
Key Terms
principal accounting officer, Annual Report on Form 10-K, long-term incentive award, relocation benefits, +1 more
5 terms
principal accounting officer financial
"will also act as the Company’s principal accounting officer"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
Annual Report on Form 10-K regulatory
"following the Company’s filing of its Annual Report on Form 10-K"
An annual report on Form 10‑K is a required, comprehensive filing that publicly traded companies give to regulators and investors summarizing their business, results of operations, detailed financial statements reviewed by independent auditors, material risks, legal issues and management’s discussion of performance. Investors use it like a company’s year‑end report card and medical checkup: it reveals how the business made money, where it is vulnerable, and the facts needed to compare value, judge risk and make informed investment decisions.
long-term incentive award financial
"an annual long-term incentive award with a target value of 170% of base salary"
A long-term incentive award is a form of compensation granted to executives or employees that pays out over several years, often as company stock, stock-like units, or cash tied to future performance goals. Investors care because these awards aim to align management’s interests with shareholder value—like giving a gardener seeds that only grow if they tend the garden well—and they can affect future share counts, reported costs, and the executive team’s motivation to meet long-range targets.
relocation benefits other
"will be eligible for relocation benefits under the Company’s relocation policy"
Assurance Partner financial
"where he has most recently served as an Assurance Partner since July 2021"
FAQ
What leadership change did BA announce regarding its finance and accounting roles?
BA announced that Ryan L. Shedd has been appointed Senior Vice President and Controller and will serve as principal accounting officer, effective after the filing of the 2026 Form 10-K, succeeding Michael J. Cleary, who plans to retire in 2027.
When will Ryan L. Shedd’s appointment at BA become effective?
Ryan L. Shedd’s appointment as Senior Vice President and Controller and principal accounting officer will be effective on the first business day following BA’s filing of its Annual Report on Form 10-K for the year ended December 31, 2026.
What is Ryan L. Shedd’s background before joining BA?
Ryan L. Shedd, age 41, has nearly two decades of experience at Ernst & Young LLP, where he most recently served as an Assurance Partner since July 2021, bringing extensive public accounting and assurance experience to BA.
What compensation will BA pay Ryan L. Shedd in his new role?
BA will pay Ryan L. Shedd an annual base salary of $600,000, an annual incentive award targeted at 70% of base salary, and starting in 2027 a long-term incentive award targeted at 170% of base salary, plus other benefit and compensation plans consistent with his seniority.
Does BA provide a sign-on bonus or relocation benefits to Ryan L. Shedd?
Yes. BA will provide a $300,000 cash sign-on award to Ryan L. Shedd, subject to repayment conditions, and he will be based in Seattle, Washington, eligible for relocation benefits under the company’s relocation policy.
What are BA’s plans for current Controller Michael J. Cleary?
Michael J. Cleary, currently Senior Vice President and Controller since March 2023, will be succeeded by Ryan L. Shedd on the Effective Date and plans to retire in 2027 after more than two decades of service at BA.
AI-generated analysis. How Rhea-AI works. Not financial advice.
