The incidents that raised doubts about the reliability of Boeing aircraft caused the price of the company’s shares to rise and the value of its capitalization to decrease.
Chief Executive Officer of Boeing Co. David Calhoun will step down at the end of this year after five years in his role. This was discussed in a message on the company’s website.
Chairman of the Board of Directors Larry Kellner will retire in May 2024, following the annual meeting of shareholders. The new leader is Steve Mollekopf, the former CEO of Qualcomm.
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Boeing President and CEO Stan Deal will leave the company effective immediately and will be replaced by Stephanie Pope, the company’s recently named chief operating officer.
CNBC said the large-scale management shakeup was linked to a series of incidents that called into question the reliability of Boeing aircraft and the quality of corporate governance.
Boeing shares rose 2.4% in early trading on Monday. The company’s capitalization in 2024 decreased by 27.6% to $115.22 billion.
Let’s remember that in January 2024, the US Federal Aviation Administration (FAA) extended the ban on the operation of Boeing 737 MAX 9 aircraft indefinitely.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.