All articles tagged with #david calhoun
David Calhoun's tenure as CEO of Boeing saw fluctuating stock prices, production and delivery delays, write-offs, and safety concerns, culminating in his announcement of retirement by the end of 2024. Despite announcing a delay in introducing a new airplane until around 2035, Calhoun failed to steer Boeing's performance in a positive direction, leading to investor uncertainty and eventual stock price fluctuations.
Boeing's CEO, David Calhoun, will step down at the end of 2024 as part of a major management reshuffle, while Stan Deal, head of the commercial planes division, will retire immediately. The company's chairman, Larry Kellner, will not stand for re-election. This comes as Boeing grapples with safety crises, including a recent incident involving a Max 9 plane. The Federal Aviation Administration has grounded similar planes and imposed limits on Boeing's production increase, while an audit found lapses in Boeing's Max production.
Boeing is expected to name Stephanie Pope, the current head of Boeing Global Services, as its chief operating officer, positioning her as the likely successor to CEO David Calhoun. Pope, who has been with Boeing for two decades, is expected to be appointed as COO as early as Monday. Calhoun is likely to remain in his position for at least another year.