The beleaguered aerospace giant announces a management shake-up
over Oregon in January was a “watershed moment” for the aircraft’s maker, according to Dave Calhoun, its chief executive. It was also one for Mr Calhoun, who on March 25th announced he would step down as boss at the end of 2024. His departure is part of sweeping management changes that Boeing hopes will finally put an end to years of turbulence at America’s once high-flying aerospace giant., in late 2018 and early 2019.
Some of Boeing’s woes on Mr Calhoun’s watch were beyond his control. Soon after he took over at the start of 2020, covid sent the industry into a tailspin. Airbus’s and Boeing’s stockmarket returns plummeted. But whereas Boeing’s were almost twice as high as those of Airbus in 2018, they are currently half the European firm’s . If the American planemaker is to soar again, its next captain will need not just to respond to problems but also to prevent new ones from emerging.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Boeing chief executive Dave Calhoun to step downThe chairman of the board and the president of the manufacturer’s commercial planes unit will also step down following a series of mishaps.
Read more »
Boeing chief executive Dave Calhoun to step downThe chairman of the board and the president of the manufacturer’s commercial planes unit will also step down following a series of mishaps.
Read more »
Boeing boss and chairman head for exit amid safety crisisA shake-up will see top figures, including chief executive Dave Calhoun, take flight this year as Boeing remains under pressure over quality control.
Read more »
Boeing CEO to Step Down in Leadership ShakeupBoeing CEO Dave Calhoun departing a meeting with Senator Tammy Duckworth (D-IL) in the Hart Senate Office Building, on Capitol Hill in Washington, D.C., on January 25, 2024, as Boeing is dealing with the fallout of multiple recent safety mishaps, including a door blowing out mid-flight.
Read more »
Boeing CEO to Resign as Company Struggles to Repair ReputationThe CEO of Boeing has announced plans to resign as the plane firm fights to repair its reputation. Dave Calhoun will step down at the end of this year. The company has faced intense scrutiny after a brand-new 737 Max 9 jet was forced into an emergency landing in January. In 2018 and 2019, 346 people were killed when two of the company’s Max 8 jets crashed. Boeing also confirmed that Stan Deal, the boss of Boeing Commercial Airplanes, was leaving “effective immediately”. In January, a brand-new 737 Max 9 jet was forced into an emergency landing following a terrifying cabin panel blowout. No-one was injured during the incident.
Read more »
Gary Neville cut off by Dave Jones mid-rant during iconic Monday Night Football momentNeville was speaking about Chelsea's outing in the Carabao Cup on Sunday when he was interrupted by presenter Dave Jones.
Read more »