Boeing Director Edward Liddy Resigns Board Seat
Liddy offered his resignation based upon his concerns that he would no longer qualify as an independent director on the Boeing board under NYSE director independence standards. AIG's aircraft leasing subsidiary, ILFC, and Boeing have a significant business relationship. The board shared that view and accepted Liddy's resignation with regret.
Boeing Chairman, President, and Chief Executive Officer Jim McNerney called Liddy's service to the Boeing board "exemplary and deeply appreciated."