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Boeing’s CEO, Dave Calhoun, is resigning and taking responsibility for several incidents.
On the 25th, Boeing announced that, as part of a broad management overhaul due to the safety crisis caused by the in-flight panel crash of the 737 Max model last January, CEO Dave Calhoun will take responsibility and plans to resign by the end of the year.
In addition, Boeing announced that Stanley Deal, the president and CEO of commercial airplanes, would retire, and Stephanie Pope would lead the business. Steven Mollenkopf has been appointed as the new chairman of the board.
Calhoun was under pressure when a door plug on an Alaska Airlines flight tore at about 16,000 feet on January 5th.
Last week, executives of US airlines requested a meeting with Boeing’s board due to the accident involving the Alaska Airlines 737 Max 9, expressing their concerns about the manufacturer’s issues and Calhoun.
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Boeing is facing serious regulatory investigations while trying to solve safety and quality issues, and US authorities have restrained production.
Meanwhile, Airbus recently secured orders for 65 aircraft from two of Boeing’s major Asian customers, which is interpreted as partly due to concerns about Boeing’s management.
On the other hand, Boeing is negotiating to acquire its former subsidiary, Spirit AeroSystems.
News of the organizational restructuring led to a 2.2% increase in Boeing’s stock price in pre-market trading.
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