Former UN Ambassador Nikki Haley has resigned from the Boeing Board of Directors.
She explained that she is against their seeking bailout funds during the coronavirus pandemic.
Haley wrote in her resignation letter:
I have had the pleasure of working with Boeing for almost ten years now. As South Carolina Governor I came to know the quality of the company, but more importantly, the excellence of the Boeing team and workforce. When I was asked to join the Board of Directors, there was no better team I could think of being a part of.
As Boeing has gone through the difficulties of the MAX, I have appreciated the humility and transparency shown by the team to make sure that when the MAX is back in the air, it will be the safest, strongest plane ever flown.
As we encounter the Covid-19 crisis, Boeing, along with many other companies, face another major set of challenges. I want to be part of helping the company as it pushes through it. However, the board and executive team are going in a direction I cannot support.
While I know cash is tight, that is equally true for numerous other industries and for millions of small businesses. I cannot support a move to lean on the federal government for a stimulus or bailout that prioritizes our company over others and relies on taxpayers to guarantee our financial position. I have long held strong convictions that this is not the role of government.
I strongly believe that when one is part of a team, and one cannot in good faith support the direction of the team, then the proper thing to do is to resign. As such, I hereby resign my position from the Boeing Board.
I hope you all know that I will continue to be a strong supporter of Boeing and its workforce. All of you have taught me so much over the past year. Serving with each and every one of you has been a privilege. I value the friendships I have made with all of you.
If I can ever be of help or service to the Boeing team in the future, please don’t hesitate to contact me.
Per the LATimes, earlier this week, Boeing said it was seeking $60 billion in “public and private liquidity” for the aerospace industry, which is struggling amid a COVID-19 outbreak that has halted major travel and shuttered many businesses.
The Trump administration has said it would back Boeing, which is also a top U.S. defense contractor.
Haley’s board resignation marked a distancing from the Trump administration, which she left on her own terms, occasionally speaking out against President Trump while not directly drawing his ire.
It’s part of the territory some strategists have said she is treading carefully with an eye on her potential future need to win back GOP traditionalists who aren’t fans of the polarizing president, if she runs for the presidency, potentially as early as 2024.
Haley, 48, joined the Boeing board last year after her departure from the Trump administration. Haley, popular in her home state, moved back to South Carolina — where Boeing has a major production facility — founded a nonprofit organization, and wrote and promoted a memoir.