All articles tagged with #dave calhoun
Boeing CEO Dave Calhoun will testify before a Senate panel on June 18 to address whistleblower allegations and quality control issues amid a safety crisis. The hearing follows claims about the 787 Dreamliners' assembly and comes as Boeing faces scrutiny after recent incidents and past 737 Max crashes. Calhoun plans to step down by year's end as part of an executive shake-up.
Boeing's outgoing CEO, Dave Calhoun, has been awarded a 45% pay rise, bringing his total compensation to $21 million, despite the company's struggles during the pandemic and ongoing issues with its 737 Max aircraft. This move has sparked criticism from some quarters, especially in light of the company's decision to cut thousands of jobs and seek government aid.
Boeing's CEO Dave Calhoun, co-author of a book on business leadership, has presided over significant financial losses and a loss of trust in the company. His departure signals a need for new leadership to address the company's broken culture and regain the trust of fliers, airline customers, and regulators.
Boeing's CEO Dave Calhoun is set to step down from his position, marking a leadership change for the aerospace company.
Boeing CEO Dave Calhoun will step down at the end of 2024 as part of a management shakeup, with board chair Larry Kellner also resigning. Steve Mollenkopf will replace Kellner as chair, and Stephanie Pope will take over as president and CEO of Boeing Commercial Airplanes. The changes come amid increased scrutiny and calls for major changes at the company following a series of quality and manufacturing flaws, culminating in an incident involving a Boeing 737 Max 9.
Boeing's board is planning to meet with top airline executives to address their growing frustration over the company's ongoing crisis, but CEO Dave Calhoun will not be participating in the meetings. The listening tour, led by board chairman Larry Kellner, aims to address concerns from major airline customers affected by Boeing's challenges.
Boeing CEO Dave Calhoun faces mounting criticism as the company continues to grapple with a series of crises, including mid-flight incidents, whistleblower concerns, and quality control issues. Despite these challenges, Calhoun remains in his position, with critics calling for a shakeup of the entire C-suite. The company's problems are seen as a result of flawed management and a shift away from its engineering roots, with calls for significant changes to regain trust and address ongoing safety and quality concerns.
Boeing CEO Dave Calhoun announced that the company will reward employees for speaking up to slow down production processes in order to improve quality and regain trust after a recent incident with an Alaska Airlines 737 Max 9 jet. Calhoun acknowledged that Boeing caused the problem and emphasized the importance of engineering excellence, addressing concerns about the company's culture prioritizing profit over safety. Boeing declined to offer a financial forecast for 2024, focusing on solving production problems and working closely with regulators.
Boeing CEO Dave Calhoun acknowledged the "serious challenge" the company faces in restoring confidence following the mid-air incident involving one of its 737 Max 9 jets. The incident has raised concerns about the company's manufacturing record and prompted an investigation by the FAA. Calhoun emphasized the company's commitment to prioritizing quality and safety, and announced that Boeing would not offer formal financial guidance for the year. The company's revenue rose 10% to $22bn, while its losses in the quarter narrowed to $283m.
Boeing executives are facing a dilemma as they prepare to report fourth-quarter earnings amid a safety crisis following an incident on a 737 Max 9 jet. The company is under pressure to address safety concerns while reassuring investors about its financial outlook. The National Transportation Safety Board is expected to release a preliminary report on the incident, which occurred on an Alaska Airlines flight. Boeing's chief executive, Dave Calhoun, is expected to address safety during the investor call, but the balance between safety and financial performance remains uncertain amidst revelations of potential lapses at a Boeing factory.
Boeing CEO Dave Calhoun met with U.S. senators to address scrutiny over a blown door plug on a 737 Max 9 plane, as the FAA continues to review data from inspections. The Senate is considering addressing airline safety in the FAA reauthorization bill, while a report suggests that the blown fuselage panel was improperly reinstalled by Boeing's mechanics. Boeing and Spirit AeroSystems declined to comment on the report, citing an ongoing federal investigation, and their stocks have been affected by the incident.
Boeing CEO Dave Calhoun faces questioning from lawmakers in Washington after a panel broke off one of its planes, leading to the grounding of 171 other 737 Max 9 planes for inspection. A whistleblower account described production issues and negligence, while airlines expressed frustration and anger. The incident has raised concerns about Boeing's manufacturing process and approval system, with the FAA investigating. In a separate incident, the nose wheel of a Boeing 757 fell off during takeoff. Boeing has apologized and announced immediate actions to strengthen quality, including more inspections and a comprehensive review led by a retired US Navy admiral.
Boeing CEO Dave Calhoun is set to meet with U.S. senators to address questions about the 737 MAX 9 grounding, following the mid-air blowout of a cabin panel on an Alaska Airlines jet. United Airlines CEO Scott Kirby announced plans to build a new fleet without the 737 MAX 10 due to regulatory and delivery delays. The FAA grounded most of Boeing's MAX 9 jets for checks after an emergency landing incident. Boeing faces pressure from regulators and customers over quality control issues and will hold a quality stand down at its production site. GE Aerospace CEO Larry Culp expressed confidence in Boeing's leadership amidst calls for changes.
Boeing CEO Dave Calhoun is set to meet with senators on Capitol Hill to address the grounding of the 737 Max 9 following an incident where a plug door panel blew off in mid-air. The FAA has grounded the 737 Max 9 for inspections, and the NTSB is investigating the incident. The FAA has also instructed airlines to check door plugs on Boeing 737-900ER aircraft as an added safety measure.
Boeing CEO Dave Calhoun will visit Spirit AeroSystems after a door panel blew off a 737 Max Alaska Airlines plane, causing depressurization. The incident has led to investigations by the FAA and NTSB, as well as lawsuits from passengers. Both Alaska Airlines and United Airlines have grounded their 737 Max fleets for inspections. Boeing's stock has fallen 23% this year, and the company has announced an independent team to review its commercial quality management system.