"Schwab's expertise will help shape our strategies toward the global market and the many international opportunities that are ahead of us," Boeing chairman, president and chief executive Jim McNerney said in a statement.
Schwab, 54, will serve on the audit and finance committees.
Her election to the board comes into immediate effect. Schwab was the principal trade advisor to former US President George Bush and key US negotiator in forums like the World Trade Organisation from mid-2006 through the end of the Bush administration in January, 2009.
During her government career Schwab was also a deputy US trade representative, an assistant secretary of commerce, director general of the US & Foreign Commercial Service and a trade policy specialist.
Image: Susan Schwab
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