Boeing Co.s pension investment staff has been asked to relocate to Chicago along with the corporate management, which announced it will move from Seattle to the new headquarters Sept. 4, said Jim Wadhwani, director-trust investments.
Three investment professionals oversee Boeings $41 billion defined benefit fund and $24 billion 401(k) plan: Gary B. Bland, vice president-trust investments; T. Michael Cappetto, also director-trust investments; and Mr. Wadhwani. In addition, Virginia Gilliam is administrator-trust investments. All have been given until the end of this month to decide whether to make the move, said Mr. Wadhwani. He said they havent made a decision.