JPMorgan Chase's Daley Elected to Boeing Board, Directo Shalikashvili Announces Retirement

CHICAGO, March 1, 2006/Satnews Daily/ — The Boeing Company's [NYSE: BA] board of directors has elected William M. Daley, chairman of the Midwest region for JPMorgan Chase & Co., as a new board member effective immediately. Daley will serve on the board's finance committee.

Daley, 57, joined JPMorgan Chase in May 2004 from SBC Communications Inc., where he had been president. From 1997-2000 he was secretary of commerce in the Clinton administration and also served as special counsel to the president advising on trade matters.

Gen. John M. Shalikashvili, a Boeing director since 2000, has also informed the Boeing board of directors that he will not stand for re-election when his term expires later this year.

Shalikashvili, 69, cited other business commitments and health reasons in his decision, said Boeing chairman, president and CEO Jim McNerney.

Shalikashvili is retired chairman of the U.S. Department of Defense Joint Chiefs of Staff and former commander-in-chief of all U.S. forces in Europe. He served on the board's audit and finance committees, and chaired its special programs committee.

The Boeing board stands at 11 members. All qualify as independent, outside directors, with the exception of chairman and CEO McNerney.

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