Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Boeing nominates former U.N. ambassador Haley to join its board

Stock MarketsFeb 26, 2019 02:47PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
2/2 © Reuters. US Ambassador to the United Nations Haley speaks at UN HQ in New York City 2/2

By Eric M. Johnson and Mike Stone

SEATTLE/WASHINGTON (Reuters) - U.S. aerospace manufacturer Boeing (NYSE:BA) Co said on Tuesday it has nominated Nikki Haley, former U.S. ambassador to the United Nations and a close ally of President Donald Trump, to join its board of directors at the company's annual shareholders meeting on April 29.

If elected by Boeing shareholders, she would help guide the future of America's largest exporter, with a network of suppliers across the United States and the world, as Washington and Beijing have been locked in intense negotiations to end a trade war.

Haley's nomination comes as Boeing grapples with a major decision: whether to launch an all-new jetliner known as NMA, a midsize plane that would serve a niche market falling between narrow- and wide-body aircraft.

The world's largest planemaker has said it would make a final launch decision in 2020 on the new program, which is expected to define competition with archrival Airbus SE.

Viewed as a rising Republican Party star, Haley has often been mentioned as a future presidential candidate. Her counterparts at the United Nations saw her as a voice of clarity in the Trump administration.

Haley, 47, is the first female governor of South Carolina and a three-term legislator in the South Carolina House of Representatives. As governor in 2015, Haley was a key opponent of a campaign by Boeing's largest labor union to form a collective bargaining unit at its 787 Dreamliner factory in South Carolina - though the machinists were later successful in forming a small bargaining unit there.

Boeing has faced growing scrutiny over its links to the Trump administration after a former senior planemaking executive, Pat Shanahan, was named deputy defense secretary and later acting defense secretary. The 31-year Boeing veteran has recused himself, however, from matters relating to the aerospace company.

The U.S. government has been weighing the purchase of an advanced version of the F-15 Boeing fighter. Last year, Boeing's defense side had a series of wins, including the U.S. Air Force's next training jet, which could be worth up to $9.2 billion, as well as a contract to replace UH-1N Huey helicopters worth $2.4 billion over the life of the programs.

In a press release, Muilenburg praised Haley's record in government and industry partnership.

"Boeing will benefit greatly from her broad perspectives and combined diplomatic, government and business experience to help achieve our aspiration to be the best in aerospace and a global industrial champion," Muilenburg said.

Based on total compensation for Boeing's other 13 board members, Haley can expect to earn more than $300,000, well above her salary as U.N. ambassador.

Separately on Tuesday, the shareholders of Brazilian planemaker Embraer SA approved a deal to sell 80 percent of the Sao Paulo-based company's commercial jet division to Boeing, a move that could reshape the global market for aircraft of up to 150 seats.

Boeing shares were flat at $427.88 a share in afternoon trading on the New York Stock Exchange.

Boeing nominates former U.N. ambassador Haley to join its board
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email