Boeing CEO Dave Calhoun to step down before year ends
World
By
VOA
| Mar 25, 2024
Boeing CEO Dave Calhoun will step down from the embattled plane maker at the end of the year after a series of mishaps at one of America's most storied manufacturers.
Board Chair Larry Kellner has also told the company he doesn't plan to stand for re-election.
Boeing also said Monday that Stan Deal, president and CEO of its commercial airplanes unit, will retire from the company. Stephanie Pope will now lead the division.
The Federal Aviation Administration has put the company under intense scrutiny and recently ordered an audit of assembly lines at a Boeing factory near Seattle, where the company builds planes like the Alaska Airlines 737 Max that suffered a door-panel blowout on Jan. 5.
READ MORE
Inside Kenya's battle to wrap up China trade pact
Why dignity should be at the heart of Kenya's digital lending
Gulf Energy secures oil rig ahead of Lokichar project kick-off
Big win for Ruto as court clears path for sale of key State firms
PwC now seeks buyers for Koko Networks assets
Kenya Pipeline Company IPO extended by three working days
When fundamentals are stable but the patient is terrified
CMA extends Kenya Pipeline Company IPO deadline to February 24
Why services sector offers best bet for jobs, economic development
Beyond the cloud: How US firm has built muscle in the digital world
Investigators say bolts that help keep the panel in place were missing after repair work at the Boeing factory. The incident has raised scrutiny of Boeing to its highest level since two crashes of Boeing 737 Max jets in 2018 and 2019 that killed 346 people.
Shares rose more than 2% before the market open.