CHICAGO,
Oct. 27 /PRNewswire-FirstCall/ -- The
Boeing Company (NYSE: BA)
board of directors today accepted with regret the resignation of
Edward M.
Liddy, who last month was named chairman and chief executive officer of
American International Group (AIG).
Liddy offered his resignation based upon his concerns that he would no
longer qualify as an independent director on the Boeing board under NYSE
director independence standards. AIG's aircraft leasing subsidiary, ILFC, and
Boeing have a significant business relationship. The board shared that view
and accepted Liddy's resignation with regret.
Boeing Chairman, President, and Chief Executive Officer Jim McNerney
called Liddy's service to the Boeing board "exemplary and deeply appreciated."
Liddy, 62, joined Boeing's board in August 2007. He served on the Compensation
and Governance, Organization, and Nominating committees.
His resignation is effective immediately.
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