Boeing Company BA board has reportedly embarked on a quest to find a new leader for the aerospace giant as CEO Dave Calhoun prepares to step down amid challenges.
The search for a new CEO is underway at Boeing, with industry experts speculating on an external hire to steer the company through turbulent times, reported Reuters.
The current CEO Dave Calhoun is set to resign by the end of 2024.
The decision is part of a comprehensive management overhaul as the company seeks to navigate through the 737 MAX crisis.
Boeing faces mounting pressure following a 737 MAX plane crisis, prompting a broader organizational shakeup.
The report added that the incoming CEO will grapple with safety improvements, quality concerns, and rebuilding trust with stakeholders.
Read Next: Boeing Labor Union Pushes For Board Voice: Report
Boeing aims to rival Airbus SE EADSY while managing debt and enhancing production, setting a challenging agenda for its future leader.
Industry figures like Larry Culp of General Electric Co GE and Pat Shanahan of Spirit Aerosystems Holdings Inc SPR are speculated as potential candidates.
The report also cited Ray Goforth, executive director of a key union at Boeing and Spirit, who said the planemaker’s next CEO should be an engineer.
Price Action: BA shares are trading higher by 0.56% at $192.49 in premarket on the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Tada Images On Shutterstock.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
