Boeing’s CEO announced he would resign

Avatar of Aurora By Aurora Mar25,2024 #announced #Boeing
Boeing's CEO announced he would resign 0
Boeing's CEO announced he would resign 0

(Dan Tri) – Boeing Corporation Chief Executive Officer (CEO) Dave Calhoun announced that he will resign at the end of this year, while the company is beset by a safety crisis.

Boeing CEO Dave Calhoun spoke to reporters in January (Photo: Getty).

This statement marks a major change in Boeing’s leadership role as the corporation faces consecutive crises that have seriously affected its reputation and unpredictable financial losses.

Not only Mr. Calhoun, President of Boeing Corporation Larry Kellner and President and CEO of Boeing Commercial Airplanes Stan Deal are also those who will leave their current positions.

The chairman’s seat will be given to Mr. Steve Mollenkopf, who has held the position of Boeing director since 2020. Meanwhile, Ms. Stephanie Pope, CEO of Boeing since January, will replace Mr. Stan Deal immediately.

This large-scale reform takes place in the context of this aerospace giant facing more than 5 years of safety crisis when it continuously witnesses problems occurring with its aircraft, including

And pressure has increased after an accident on January 5, 2024 on Boeing 737 MAX 9 aircraft number 1282 of American airline Alaska Airlines taking off from Portland airport, Oregon state to Ontario city,

However, this incident resulted in the temporary grounding of some 737 MAX aircraft in the US, followed by Congressional hearings, production and delivery delays, and multiple investigations.

On March 11, a Boeing 787 aircraft of LATAM Airlines (Chile) encountered a strong shaking problem while en route from Sydney, Australia to Auckland, New Zealand.

Recently, the Federal Aviation Administration (FAA) warned of safety issues with de-icing equipment on the 737 MAX and 787 Dreamliner models that could cause the engine to lose thrust.

The New York Times on March 14 cited the results report showing that the 737 MAX aircraft failed to pass a comprehensive inspection, achieving only 33 out of a total of 89 tests.

As a result, the amount of money Boeing suffered during the recent safety crisis amounted to 4.5 billion USD, more than the company expected in January, while its reputation was also seriously affected.

In a letter to Boeing employees on March 25, CEO Calhoun called the Alaska Airlines incident `a turning point for Boeing.`

He added: `The eyes of the world are on us and I know this time we will be a better company, building on all we have learned on the job.`

In an interview on CNBC on the morning of March 25, Mr. Calhoun affirmed that the decision to leave was `100%` his own.

Boeing shares, which have lost more than 27% of their value since the beginning of the year, rose 4% after Mr. Calhoun’s resignation announcement.

Mr. Calhoun, 66, a longtime member of Boeing’s board of directors, became Chairman of the group at the end of 2019, replacing his predecessor Dennis Muilenburg.

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