Boeing Restructures Legal & Compliance Function – 23rd April 2020
Boeing has announced plans to undertake a business-wide restructure in the persuit of efficiencies. Driven by the Coronovirus pandemic.
But they have not announced any layoffs and are seeking other ways to reduce costs.
This includes combining its legal and compliance programmes, which include functions such as global trade controls, ethics and business conduct.
Led by Boeing chief legal officer and executive vice-president of global compliance Brett Gerry, the new legal-compliance division will “help the company proactively address new legal and compliance obligations arising from an increasingly complex global regulatory environment”, Boeing says.
As part of the changes, Boeing intends to name a new chief compliance officer, who will report to Gerry, chief executive David Calhoun and Boeing’s board audit committee.