Boeing Co. has disclosed in its recent proxy filing that Brett Gerry, who serves as the company’s chief legal officer and global compliance leader, received a total compensation of $4.4 million in 2024. This figure represents a significant decrease from the previous year, where his earnings were nearly double. For more on this, see the proxy filing from the SEC.
Brett Gerry, who was promoted to chief legal officer in 2020, has been an instrumental figure within the company during critical periods. Boeing navigated various crises, including those associated with its aircraft’s safety scrutiny, labor disputes, and supply chain disruptions. The reshaping of its senior management team has been a pragmatic approach in response to these persistent challenges.
The reduction in Gerry’s compensation is largely attributed to the diminished value of stock and option awards, which form a significant part of his remuneration. Over the past three years, his earnings have accumulated to approximately $19.2 million. Despite the drop in compensation, this continues to reflect his ongoing contributions in managing the company’s legal and compliance activities amidst ongoing corporate upheaval.
For more detailed insights on Brett Gerry’s compensation adjustment and Boeing’s recent corporate strategies, the full article is available here.