Boeing names Ernst & Young assurance partner Ryan Shedd as next controller, Cleary to retire in 2027
In focus for $BA: Boeing's board, on August 19, 2026, appointed Ryan L. Shedd as Senior Vice President and Controller, with the role taking effect on the first business day following the company's filing of its Annual Report on Form 10-K for the year ended December 31, 2026. Shedd, 41, brings nearly two decades at Ernst & Young LLP, most recently as an Assurance Partner since July 2021. He will succeed Michael J. Cleary, who has held the controller title since March 2023 and plans to retire from Boeing in 2027 after more than two decades of service.
Key takeaways
- Boeing's board appointed Ernst & Young Assurance Partner Ryan L. Shedd, 41, as Senior Vice President and Controller on August 19, 2026.
- Shedd will succeed Michael J. Cleary, who has held the controller title since March 2023 and plans to retire from Boeing in 2027.
- Shedd joins Boeing in September 2026 as Senior Vice President, Finance, with the controller and principal accounting officer role taking effect the first business day after Boeing files its 2026 Form 10-K.
- Shedd's compensation includes a $600,000 base salary, a 70%-of-base target annual incentive, a 170%-of-base long-term incentive starting in 2027, and a $300,000 cash sign-on award.
- Boeing disclosed the appointment in an 8-K signed by Corporate Secretary and Vice President John C. Demers on August 21, 2026.
In focus for $BA: Boeing's board, on August 19, 2026, appointed Ryan L. Shedd as Senior Vice President and Controller, with the role taking effect on the first business day following the company's filing of its Annual Report on Form 10-K for the year ended December 31, 2026. Shedd, 41, brings nearly two decades at Ernst & Young LLP, most recently as an Assurance Partner since July 2021. He will succeed Michael J. Cleary, who has held the controller title since March 2023 and plans to retire from Boeing in 2027 after more than two decades of service.
Shedd joins the company in September 2026 as Senior Vice President, Finance, with the controller and principal accounting officer designation following after a transition period. The effective date is pegged to Boeing's 2026 annual report filing, which means Cleary holds the principal accounting officer seat through at least the year-end reporting close.
Compensation terms
Shedd's package, as filed: a $600,000 annual base salary, an annual incentive award with a target value of 70% of base salary, and a long-term incentive award with a target value of 170% of base salary beginning in 2027. A $300,000 cash sign-on award also applies, subject to repayment conditions. Shedd will be based in Seattle, Washington, with relocation benefits under Boeing's relocation policy, and will participate in the company's benefit and compensation plans at levels consistent with his seniority.
The 2027 start date for the long-term incentive tranche aligns with the window when Shedd is expected to hold the controller role outright, following Cleary's planned retirement. That sequencing puts the largest variable slice of Shedd's compensation in the same period he is expected to carry full accountability for Boeing's financial disclosures.
What to watch
The 2026 Form 10-K filing is the effective trigger for the handoff. Boeing disclosed the appointment in an 8-K signed by Corporate Secretary and Vice President John C. Demers on August 21, 2026. Any delay in the annual report extends Cleary's tenure as principal accounting officer and pushes back the formal start of Shedd's designation.
Related reading
Filed by the newsroom of MarketPR on August 24, 2026. Source: sec.gov. Indicative figures are not investment advice.