Boeing has named its next controller, and he does not take the job until after somebody else has signed the 2026 accounts
The date the new controller starts is not a date. It is a filing.
Boeing said on Friday afternoon that its board had appointed Ryan L. Shedd as senior vice president and controller, and that the appointment takes effect on the first business day after the company files its annual report on Form 10-K for the year ending 31 December 2026. In that role he will also act as principal accounting officer. He joins in September as a senior vice president, finance, and succeeds Michael J. Cleary after a transition period that the filing does not otherwise describe.
Cleary has held the controller role since March 2023 and plans to retire in 2027 after more than two decades at the company. On the structure Boeing has chosen, he signs the 2026 accounts and then goes.
The package
Shedd is 41 and comes from Ernst and Young, where the filing says he has spent nearly two decades and has been an assurance partner since July 2021.
His base salary is $600,000. The annual incentive award carries a target value of 70 percent of that, or $420,000. From 2027 there is an annual long-term incentive award with a target value of 170 percent of base salary, which is $1,020,000 at the salary now stated. A cash sign-on award of $300,000 comes with repayment conditions the filing mentions and does not set out.
Seattle, not Arlington
One detail sits oddly on the page and is worth reading twice.
The cover page gives Boeing's principal executive offices as 929 Long Bridge Drive, Arlington, Virginia. Item 5.02, further down the same document, says the incoming controller and principal accounting officer will be based in Seattle, Washington, and will be eligible for relocation benefits under the company's relocation policy. Both statements are in the same two-page filing.
The document offers no explanation for the split and does not need to. It is simply the sort of thing a reader of the filing sees and a summary of the filing does not.
