(The Center Square) – Two of Washington’s largest companies have new CEOs, but only one has actually moved to the Evergreen State.
Boeing named Robert K. Ortberg as its new president and CEO in August. He moved from his home in Florida to Seattle, rather than Boeing’s headquarters in Virginia.
According to King County records , Ortberg bought a $4.1 million home in Seattle’s Broadmoor community on Sept. 10. This was first reported by The Seattle Times.
Ortberg had to pay $112,580 in total taxes in purchasing the multi-million dollar property.
Ortberg’s home is subject to a total levy rate of $9.05 per $1,000 of assessed value, meaning the new Boeing CEO would pay an estimated $37,105 in property taxes per year.
The move to Seattle signals the company’s intention to improve relationships amid an ongoing strike by machinists. However, Boeing CFO Brian West announced the company would institute a hiring freeze on Monday, four days after the strike was initiated.
Starbucks hired Brian Niccol as its CEO in August around the same time as Ortberg took up the CEO role at Boeing. Unlike Ortberg, Niccol is not moving to Seattle, where Starbucks headquarters is located.