Quest For Leadership: Boeing Reportedly Eyes Outsider As CEO To Tackle Crisis

Zinger Key Points
  • Boeing initiates search for new CEO amid mounting challenges.
  • Potential contenders include Larry Culp of GE and Pat Shanahan of Spirit Aerosystems.

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 NextBoeing 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.

RelatedBoeing CEO Dave Calhoun ‘Should Have No Voice In Naming Successor,’ Says Jeffrey Sonnenfeld: ‘They Failed. He’s Like A Wounded Animal In The Corner’

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.

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