CHICAGO — Boeing said Wednesday that two of its directors are retiring, a sign of further change on the company’s board as it faces a shareholder lawsuit alleging weak overview during the 737 Max crisis.
The Chicago-based aircraft maker said Arthur Collins Jr., chairman of the committee that sets executive compensation, and Susan Schwab won’t stand for reelection at Boeing’s annual shareholder meeting in April.
Boeing directors and executives were named in a shareholder lawsuit filed in a Delaware court that alleges the board failed to properly oversee management during engineering problems with the 737 Max. The plane was grounded for 20 months after two crashes that killed 346
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