Aerospace Giant Boeing Potentially Gearing Up For CEO Succession - Reportedly Set To Name Stephanie Pope As New COO

Aerospace giant Boeing Co BA is reportedly set to appoint Stephanie Pope, the current head of its services division, as its new Chief Operating Officer.

Pope's elevation to COO could be announced as early as Monday, marking her as a frontrunner for Boeing's top position, reported the Wall Street Journal.

Also Read: Boeing's Chinese Comeback: Aviation Giant Invited To Expand In China Amid 737 Max Sales Talks

The move positions Pope as a potential successor to Chief Executive Officer David Calhoun, signaling a shift in the company's leadership dynamic, the report noted.

Calhoun, whose retirement is approaching following an extension in 2021, is expected to stay at the helm for at least another year.

Pope has a diverse experience within Boeing, having served as the finance chief for both the commercial airline and services units. Notably, she played a pivotal role in establishing the services division, which she has led since 2022.

This unit, contributing a quarter of Boeing's revenue, is currently the only profitable segment in the company.

Other top executives considered for the COO role included Brian West, the finance chief, and Stan Deal, the commercial chief. Both West and Deal are set to continue their roles within Boeing, as per the report.

Calhoun, a long-time board member, assumed the CEO role in late 2019, succeeding Dennis Muilenburg. His tenure saw the return of the MAX to service after a prolonged grounding.

Read Next: Boeing To Ink A Landmark Deal As Thai Airways Reportedly Favors 787 Dreamliner Over Airbus - Is Airbus' Loss Boeing's Gain?

Price Action: BA shares are trading lower by 0.29% at $244 in premarket on the last check Monday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo Via Company