Posted on 03/25/2024 7:00:45 AM PDT by realcleanguy
Boeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant. Chairman of the board Larry Kellner is also stepping down, and Stan Deal, CEO of the commercial airplane unit, is out effective immediately. Boeing executives have faced increasing scrutiny from regulators and customers over quality control problems.
(Excerpt) Read more at cnbc.com ...
Chairman of the board Larry Kellner is also resigning and will not stand for reelection at Boeing’s annual meeting in May. He will be replaced as chair by Steve Mollenkopf, who has been a Boeing director since 2020 and will lead the board in picking a new CEO, Boeing said.
And Stan Deal, president and CEO of Boeing Commercial Airplanes, is leaving the company effective immediately. Moving into his job is Stephanie Pope, who recently became Boeing’s chief operating officer after previously running Boeing Global Services.
The departures come as airlines and regulators have been increasing calls for major changes at the company after a host of quality and manufacturing flaws on Boeing planes. Scrutiny intensified after a Jan. 5 accident, when a door plug blew out of a nearly new Boeing 737 Max 9 minutes into an Alaska Airlines flight.
Calhoun is technically “retiring” at the end of the year. He should be required to fly on a 737 MAX every day of his retirement in order to collect his Boeing pension.
Boeing executives have faced increasing scrutiny from regulators and customers over quality control problems.
No one has made more comments about how DEI destroys companies than I have - but it’s finance capitalism that destroyed Boeing, the DEI is just chaff at the end to keep government $$ flowing.
Imagine is we ran government like the same government that regulates business? We’d fire 80% of government.
It’s the ghost of Jack Welch.
Large centralized business are subject to the same incompetence of large govt.
large centralized govt goes hand in hand with large centralized business.
THERE WAS MUCH GOVT INVOLVEMENT IN THIS SITUATION.
I oppose big business as much as I oppose big government. They are the same.
I learned long ago the govt would rather deal with 3 large farmers than 100 small farmers.
Correct, without a Boeing version of Suzy Wetlaufer (at least as far as we know).
This all comes from the McDonald Douglas merger. Outsourcing rears it’s ugly head again.
“Large centralized business are subject to the same incompetence of large govt.”
Bingo and particularly in manufacturing.
I had a problem with GE a few years back, before they - correctly and wisely - started unloading various divisions and subsideries.
I had bought something made by GE. It came with a few parts - screws - missing. The missing screws were shown in the assembly plans but not described at all in any technical way.
I began a conversation with GE corporate customer service.
I thought surely somewhere in GE someone had the technical plans and new the right technical description for the missing screws.
Through about three weeks the Emails reached the top of GE corporate customer service.
In the end they had no answer.
I endeavored to never trust GE for anything ever again.
In the three years that followed GE began shrinking itself down.
Yes, sometimes companies are too big and too diverse.
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