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Caterpillar: David Calhoun to step down from the board

April 03, 2024 at 08:43 am EDT

David Calhoun, a current member of Caterpillar's Board of Directors, will not seek re-election at the next Annual General Meeting, the American construction equipment manufacturer announced on Wednesday.

Calhoun, who had served on the board since 2011, announced last week that he had made the decision to step down as CEO of Boeing at the end of 2024.

This former director of private equity portfolio operations at Blackstone arrived at the helm of the aerospace giant in 2020.

He had previously been CEO of the Nielsen Holdings audience measurement institute, after spending 26 years at GE, where he headed several business units, including aircraft engines.

His resignation from Boeing comes as the aircraft manufacturer has been under scrutiny for several weeks by airlines, the FAA and the U.S. government over safety and design issues that have surfaced on several of its aircraft.

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Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
CATERPILLAR INC.	349.9 USD	+1.90%	-2.22%	171B
BOEING	173.5 USD	+3.74%	+1.93%	103B
BLACKSTONE INC.	120.7 USD	-1.48%	-1.22%	88.47B

David Calhoun

David L. Calhoun is a businessperson who has been at the head of 18 different companies and occupies the position of President, Chief Executive Officer & Director at The Boeing Co., Chairman & Chief Executive Officer of Nielsen Finance LLC and Chief Executive Officer for NetRatings LLC. Mr. Calhoun is also on the board of Caterpillar, Inc. (former Independent Chairman), Nielsen Consumer Neuroscience, Inc. and King (Cayman) Holdings Ltd. In his past career Mr. Calhoun was Non-Executive Chairman of Gates Global, Inc., Executive Chairman at Nielsen Holdings Plc Chairman for The Nielsen Company (US) LLC, Executive Chairman & Chief Executive Officer at Nielsen NV (Old) and Chairman-Executive Board & Chief Executive Officer at The Nielsen Company (US), Inc. (which are all subsidiaries of Nielsen Holdings Plc), Independent Chairman at Gates Corp., Senior Managing Director at The Blackstone Group, Inc. and Chairman at Gates Industrial Corp. Plc (a subsidiary of The Blackstone Group, Inc.), Chairman & Chief Executive Officer of The Nielsen Co., President & Chief Executive Officer of GE Aviation Systems North America LLC, President & Chief Executive Officer of GE Lighting Solutions LLC, President & Chief Executive Officer of GE Transportation, President & Chief Executive Officer at GE Infrastructure (Shanghai) Co., Ltd., President & Chief Executive Officer for GE Infrastructure LLC, President & Chief Executive Officer of Employers Reinsurance Corp. and President-Pacific Region at GE Plastics. Mr. Calhoun received an undergraduate degree from Virginia Polytechnic Institute & State University.

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BOEING	Chief Executive Officer
NetRatings LLC NetRatings LLC Internet Software/ServicesTechnology Services NetRatings LLC provides on-line audiences, advertising, and marketing measurement products. Its products are used for measurement and analysis of advertising, video, consumer-generated media, word of mouth, commerce, and consumer behavior. The company is headquartered in New York, NY.	Chief Executive Officer