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Boeing names Uma Amuluru as new HR chief

EditorNatashya Angelica
Published 2024-02-22, 11:32 a/m
Updated 2024-02-22, 11:32 a/m
© Reuters.

ARLINGTON, Va. - Boeing (NYSE:BA) Co. [NYSE: BA] has appointed Uma Amuluru as its new Chief Human Resources Officer and executive vice president, Human Resources, effective April 1. Amuluru will take over from Michael D'Ambrose, who is set to retire in July after a tenure marked by advocacy for Boeing's workforce and the modernization of its human resources department.

Amuluru's responsibilities will encompass Boeing's talent planning, global talent acquisition, learning and development, compensation and benefits, and diversity and inclusion initiatives. She will report directly to Boeing President and CEO David Calhoun and join the company's Executive Council.

With a background that includes serving as Boeing's first chief compliance officer and vice president and general counsel to Boeing Defense, Space & Security, Amuluru brings a wealth of experience to her new role. Her previous positions also include significant roles in the U.S. government, such as counselor to the U.S. Attorney General and Associate White House Counsel to President Barack Obama.

Calhoun praised Amuluru as a leader adept at building strong teams and enhancing organizational capabilities. He emphasized the importance of Boeing's global workforce in maintaining quality and stakeholder confidence. Calhoun also acknowledged D'Ambrose's contributions to Boeing, highlighting his role in talent development and HR modernization during a challenging period for the company.

D'Ambrose, who joined Boeing in July 2020, will assist in the leadership transition before his retirement. His extensive business experience includes leading global human resources teams across various industries.

Boeing, a leading aerospace company, is involved in the development, manufacture, and service of commercial airplanes, defense products, and space systems. The company operates in over 150 countries and focuses on innovation, sustainability, and a culture of safety, quality, and integrity.

This leadership change is based on a press release statement issued by Boeing.

InvestingPro Insights

As Boeing Co . [NYSE: BA] welcomes Uma Amuluru into the role of Chief Human Resources Officer, the company's financial health remains a critical aspect for investors and stakeholders. According to real-time data from InvestingPro, Boeing's market capitalization stands at a robust $122.68 billion. Despite challenges in profitability over the last twelve months, the company has demonstrated a notable revenue growth of 16.79% during the same period.

InvestingPro Tips suggest that Boeing is expected to see net income growth this year, which could signal a positive turnaround for the aerospace giant. Analysts are also forecasting the company to be profitable this year, which is a significant marker considering Boeing did not pay dividends to shareholders recently.

InvestingPro Data metrics indicate a P/E ratio of -54.83, which highlights the company's current lack of earnings relative to its share price. However, this is expected to improve as the company's financial performance strengthens. The gross profit margin stands at 11.89%, reflecting some challenges in profitability that Boeing has faced.

For investors looking to dive deeper into Boeing's financial outlook, there are additional InvestingPro Tips available on the platform, including insights on the company's valuation multiples and stock price volatility. To access these insights and more, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro. With 9 more tips available, investors can gain a comprehensive understanding of Boeing's financial landscape and make informed decisions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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