The Boeing Company filed a current report on August 21, 2026, disclosing the appointment of Ryan L. Shedd as Senior Vice President and Controller, effective following the filing of Boeing's annual report for the year ended December 31, 2026.

Key Highlights

  • New appointment: Ryan L. Shedd was named Senior Vice President and Controller of The Boeing Company by the Board of Directors on August 19, 2026.
  • Principal accounting officer: In addition to the Controller title, Shedd will serve as Boeing's principal accounting officer upon the effective date of his appointment.
  • Predecessor retiring: Michael J. Cleary, who has held the Senior Vice President and Controller role since March 2023, plans to retire from the Company in 2027 after more than two decades of service.
  • Base salary: Shedd will receive an annual base salary of $600,000, with an annual incentive award target of 70% of base salary.
  • Long-term incentive: Beginning in 2027, Shedd will be eligible for an annual long-term incentive award with a target value of 170% of base salary.
  • Sign-on award: Shedd will receive a cash sign-on award of $300,000, subject to repayment conditions.
  • Prior experience: Shedd, age 41, brings nearly two decades of experience at Ernst & Young LLP, most recently serving as an Assurance Partner since July 2021.

Boeing Appoints Finance Executive to Lead Accounting Function

According to the filing, Boeing's Board of Directors approved the appointment of Ryan L. Shedd as Senior Vice President and Controller on August 19, 2026. The effective date of the appointment is defined in the filing as "the first business day following the Company's filing of its Annual Report on Form 10-K for the year ended December 31, 2026." Shedd will also assume the role of principal accounting officer at that time, a position that carries formal responsibility for Boeing's financial reporting and accounting oversight.

The filing states that Shedd will join the Company in September 2026 initially as a Senior Vice President, Finance, and will undergo a transition period before formally succeeding Michael J. Cleary. Cleary has served in the Senior Vice President and Controller role since March 2023 and plans to retire from the Company in 2027, the filing noted, "after more than two decades of service." Boeing is a major U.S. aerospace and defense manufacturer, and the Controller and principal accounting officer role is a senior finance position within the company's reporting structure.

Regarding Shedd's background, the filing disclosed that he spent nearly two decades at Ernst & Young LLP, serving most recently as an Assurance Partner since July 2021. His compensation package, as detailed in the filing, includes a $600,000 annual base salary, an annual incentive target of 70% of base salary, a long-term incentive target of 170% of base salary beginning in 2027, and a $300,000 cash sign-on award subject to repayment conditions. The filing also stated that Shedd will be based in Seattle, Washington, and will be eligible for relocation benefits under the Company's relocation policy. Common stock of Boeing trades on the New York Stock Exchange under NYSE:BA.

What Was Disclosed

Boeing disclosed the Board-approved appointment of Ryan L. Shedd as Senior Vice President, Controller, and principal accounting officer, along with the planned retirement of predecessor Michael J. Cleary and the full terms of Shedd's compensation arrangement.