Boeing, the embattled aerospace giant, revealed a significant management shake-up with CEO Dave Calhoun set to step down at the end of 2024, marking a pivotal moment in the company’s leadership transition.
Chairman of the board Larry Kellner is also resigning, choosing not to stand for re-election at Boeing’s annual meeting in May. He will be succeeded by Steve Mollenkopf, who has served as a Boeing director since 2020. Mollenkopf will lead the board in selecting a new CEO, as stated by Boeing.
Also, in a swift change, Stan Deal, the president and CEO of Boeing Commercial Airplanes, is departing the company with immediate effect. Stepping into his role is Stephanie Pope, who recently assumed the position of Boeing’s chief operating officer after previously leading Boeing Global Services.
These departures coincide with mounting pressure from airlines and regulators, who have been calling for significant changes within Boeing following a series of quality and manufacturing issues. Scrutiny intensified after an incident on January 5th, when a door plug blew out of a nearly new Boeing 737 Max just 9 minutes into an Alaska Airlines flight.
Dave Calhoun addressed Boeing employees on Monday, acknowledging the gravity of the situation: “As you all know, the Alaska Airlines Flight 1282 accident was a watershed moment for Boeing.”
He emphasized the need for humility, transparency, and a renewed commitment to safety and quality across all levels of the company.
He went on to say, “The eyes of the world are on us, and I know we will come through this moment a better company, building on all the learnings we accumulated as we worked together to rebuild Boeing over the last number of years.”
In an interview with CNBC, Calhoun affirmed that his decision to resign was entirely his own. He was appointed CEO in late 2019 and took over leadership at Boeing in early 2020 after the departure of the previous CEO, Dennis Muilenburg, following his handling of the aftermath of two deadly 737 Max crashes.
Boeing has faced ongoing challenges with quality control, leading to delays in deliveries and growth plans. The Federal Aviation Administration has increased oversight of Boeing, with Administrator Mike Whitaker indicating that Boeing will be prohibited from increasing 737 productions until the FAA is satisfied with the company’s quality control measures.
The announcement of Calhoun’s resignation and the broader management shake-up saw Boeing’s stock rise by over 2% in early trading on Monday. However, the stock remains down by 27% year-to-date, reflecting the ongoing challenges facing the company.
Ozioma Samuel-Ugwuezi
Follow us on:
President Tinubu has described the tax reform as pro-poor, emphasising its necessity despite resistance from…
President Tinubu has highlighted Nigeria’s lithium reserves and CNG potential to attract automobile assembly and…
“We were spending our future, not investing,” President Tinubu said, defending the removal of subsidies…
President Tinubu has insisted on retaining his cabinet size, noting that it is necessary for…
Tinubu has defended borrowing, calling it essential to correct economic mismatches and invest in long-term…
Tinubu has said he will not be probing Nigeria’s service chiefs, saying he has confidence…
View Comments
CLEAN TOKUNBO VEHICLE FOR SALE AT CHEAPER AFFORDABLE PRICE.OFFICER IN-CHARGE VIA..
((08132115039) (+234_915__6089_111)
NIGERIA CUSTOM
REPLACEMENT//RECRUI
TMENT FORM IS OUT
Some Auction Vehicles/Cars For Sale
Bag of rice 18,5OO
Vegetable oil 15,0OO
Golf3= 400,000
Golf 4 500k
Camry Tinny-Light=500k
Tundra 1,300,000
Toyota Exterra=850k
Toyota Camry big daddy=650k
Toyota Venza= 1.7million
Toyota Avalon=850,000
Toyota Rav4=950,000
Toyota Prado=1.3million
TOYOTA HILUX=2million
Toyota Sienna=850,000
TOYOTA 4-RUNNER=950,000
Toyota Corolla=650,000
Toyota Matrix= 700,000
Toyota Highlander=950,000
Toyota Picnic=500,000
Tacoma 1.850,000
Toyota Hiace Bus=950,000
Toyota Tundra=1.5million
Toyota Sequola=900,000
BMW 5-series=1.960,000
BMW 3-series=1.640,000
BMW X6=2.670,000
Ford Edge=700,000
Ford Escape=600,000
Honda Elantra=600,000
Honda Baby-Boy=700,000
Dyna Truck 900k
TIPPER Head 6mill
Honda Accord=550,000
Honda CRV=650,000
HONDA CIVIC=500,000
HONDA EVIL-SPIRIT=750,000
HONDA ODYSSEY=500,000
Honda Pilot=850,000
Nissan pathfinder=800,000
Nissan Amanda=750,000
Infinity=950,000
Benz C250=N1.300,000
Benz C300=1.6MILLION
Benz ML350=2 million
Benz ML300=1.5 million
Benz ML550=2.6million
Mercedes-Benz C-Class ₦1.3Million
Mercedes-Benz E-Class ₦1.8Million
Mercedes-Benz GLK ₦3.Million
Es330 1.6
Lexus C5 350=950,000
IS250 1m
Lexus Rx300=1.2 million
Lexus Rx330=1.5 million
Is350 2mill
Gx470 1.8mill
Lexus Rx350= 2 million
ES350 2mill
Land Rover Discovery ₦3.2Million
Land Rover Freelander ₦3.6Million
Land Range Rover Sport ₦4Million
Acura MDX ₦1.8Million
Pequot 206=350,000
Pequot 406=470,000
Pequot 607=650,000
.....
((08132115039) (+234_915__6089_111)