Summary of BOEING CO - Yahoo! Finance

Change in Directors or Principal Officers, Financial Statements and Exhibits

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

The Board of Directors (the "Board") of The Boeing Company (the "Company") appointed Mr. Robert J. Pasterick, 53, as the Company's Vice President of Finance and Corporate Controller effective February 10, 2009. In that position, Mr. Pasterick will also act as the Company's chief accounting officer.

Prior to this appointment, Mr. Pasterick served as the Vice President and Chief Financial Officer for Boeing Commercial Airplanes ("BCA") since February 2003. In this position, he was responsible for the overall financial management of BCA. In addition to the Finance organizations, Contracts and Business Operations also reported to Mr. Pasterick. From November 2000 until February 2003, he was Vice President and Controller for BCA. In this capacity, he was responsible for the group's accounting, financial planning and reporting, pricing, estimating and cost management activities. From November 1999 until November 2000, he held the office of Vice President of Financial Planning and Analysis for The Boeing Company. He joined Boeing through the Company's acquisition of the aerospace and defense units of Rockwell in December 1996.

Mr. Pasterick will receive salary, bonus and equity awards, and will participate in other benefit and compensation plans, at levels consistent with his seniority and scope of responsibility. No additional compensation or equity has been awarded to Mr. Pasterick in connection with this appointment.

Mr. Pasterick will replace Mr. Harry S. McGee III, who served as the Company's Vice President of Finance and Corporate Controller since January 2004. Effective upon Mr. Pasterick's appointment, Mr. McGee became the Company's Vice President of Strategy Integration for Internal Services.

A copy of the Company's press release announcing Mr. Pasterick's appointment and Mr. McGee's new position is attached hereto as Exhibit 99.1 and is incorporated herein by reference.