Top Boeing shareholder Vanguard says it voted against chair Kellner

BOSTON (Reuters) – Top Boeing Co shareholder Vanguard Group voted against the planemaker’s chairman Lawrence Kellner, citing “control failures” under its audit committee after two 737 MAX plane crashes, according to a stewardship report provided by a Vanguard representative on Wednesday.

Boeing on Monday disclosed a relatively high number of critical votes were cast against Kellner and other directors at its annual meeting, and said a majority of votes were cast in favor of a shareholder proposal requiring an independent board chair. Vanguard also backed that proposal, according to its report.

(Reporting by Ross Kerber)