Boeing Nominates Sabrina Soussan to Board of Directors

Rhea-AI Summary

The Boeing Company (NYSE: BA) has nominated Sabrina Soussan for election to its Board of Directors at the upcoming annual meeting on April 18, 2023. Currently the chair and CEO of SUEZ SA, Soussan brings over 20 years of engineering and leadership experience from Siemens AG and Swiss dormakaba. Boeing's leadership emphasizes her global perspective and expertise in safety, sustainability, and manufacturing. If elected, she will be Boeing's first board member based outside the U.S. since April 2019, joining the audit and finance committees and reinforcing the board’s extensive experience in key operational areas.

Positive

• Sabrina Soussan's extensive experience in engineering and senior leadership could enhance Boeing's strategic direction.
• Her nomination reflects Boeing's commitment to operational strength and focus on safety and sustainability.
• Soussan would diversify the board's perspective as the first international member, potentially benefiting its global strategy.

Negative

• Her lack of direct aerospace industry experience may raise questions about her fit for the sector's specific challenges.

ARLINGTON, Va., March 2, 2023 /PRNewswire/ --The Boeing Company [NYSE: BA] Board of Directors today announced that it has nominated Sabrina Soussan to be elected as a new director at the company's upcoming annual meeting of shareholders.

Soussan, 53, currently serves as chair and CEO of SUEZ SA, a Paris-based global utility company specializing in water and waste management with a focus on sustainability. Over a more than a 20-year career at Siemens AG, she held multiple leadership positions as Division CEO, Business Unit CEO and as an engineer in transportation, automation and energy management sectors. Prior to joining SUEZ, she was CEO of Swiss dormakaba, a global leader in access and security solutions.

"Sabrina is a proven leader who brings a global mindset with extensive engineering and senior leadership experience in manufacturing, safety, sustainability, transportation and digitalisation," said Boeing Chair Larry Kellner. "With a track record of success and a shared commitment to our values, Sabrina will add essential perspective to our Board."

Soussan, who is German and French, earned a master's degree in mechanical and aeronautical engineering from the École Nationale Supérieure de Mécanique et d'Aérotechnique and a master's degree in business administration from I.A.E. Poitiers and University of Dublin, Ireland. 

Subject to her election at the company's annual meeting of shareholders on April 18, Soussan would become the eighth independent director to join the Board since April 2019. These eight directors collectively bring significant experience in aerospace, safety, engineering, manufacturing, cyber, software, risk oversight, audit, supply chain management, sustainability and finance. Based in France, Soussan would also become Boeing's first board member based outside the United States and she would join the Board's audit and finance committees.

"Sabrina is an ideal leader to join the Boeing board as we continue to restore our operational strength, guided by our focus on safety, quality and transparency," said Dave Calhoun, Boeing President and CEO. "Her global expertise, strong engineering credentials and deep experience leading complex manufacturing operations with safety at the forefront will be vital to our business."

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 U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company's core values of safety, quality and integrity. Join our team and find your purpose at boeing.com/careers.

This Press Release Does Not Constitute a Solicitation of Proxies This press release is not a solicitation of proxies from holders of common stock of The Boeing Company (the "Company").  The Company will provide shareholders with a proxy statement and other relevant materials in connection with the 2023 Annual Meeting of Shareholders. Any solicitation of proxies by or on behalf of the Company in connection with the 2023 Annual Meeting of Shareholders will be conducted upon and following the dissemination of the proxy statement and other materials in accordance with applicable law.  We urge shareholders to read the proxy statement and any other relevant documents to be filed with the SEC when available, as such documents will contain important information.  Shareholders will be able to receive the proxy statement and other relevant documents free of charge at the SEC's website at http://www.sec.gov or at http://www.boeing.com. 

Media Contact
Michael Friedman
media@boeing.com

 

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SOURCE Boeing

FAQ

Who is Sabrina Soussan and what is her background?

Sabrina Soussan is the current chair and CEO of SUEZ SA and has over 20 years of experience at Siemens AG, specializing in engineering and leadership roles in various sectors.

What is the significance of Sabrina Soussan joining Boeing's Board of Directors?

Soussan's nomination is significant as it introduces a global perspective and engineering expertise, crucial for Boeing's focus on safety and sustainability.

When will the shareholders vote on Sabrina Soussan's nomination?

Shareholders will vote on her nomination at Boeing's annual meeting on April 18, 2023.

How many independent directors has Boeing nominated since April 2019?

Boeing has nominated eight independent directors since April 2019.

What committees will Sabrina Soussan join if elected to Boeing's Board?

If elected, she will join Boeing's audit and finance committees.