A leadership shake-up at Boeing is highlighting the difficult path facing the iconic aircraft manufacturer as it tries to navigate through another safety crisis. CEO David Calhoun announced Monday that he would retire at the end of the year. The head of the company’s commercial airplanes unit was replaced immediately by a fast-rising insider.
FILE - Boeing CEO Dave Calhoun speaks with reporters after meeting Sen. Mark Warner, D-Va., at the Capitol in Washington, Jan. 24, 2024. Calhoun will be stepping down at the end of the year from the top job at the company, which is under pressure from major airlines wanting to know how Boeing plans to fix problems in the manufacturing of its planes. FILE - An Alaska Airlines Boeing 737 Max 9 with a door plug awaits inspection at the airline’s hangar at Seattle-Tacoma International Airport, Jan.
AP AUDIO: Boeing CEO to step down in management shake-up as manufacturing issues plague storied plane maker. Boeing has not filed its proxy statement for 2023, but previous filings show that Calhoun received compensation valued at more than $64.6 million from 2020 through 2022. Almost all of it was in the form of stock awards, options and bonuses.
“It is going to be hard to fix the culture, but the people at Boeing are capable of it,” said Ed Pierson, a former manager at Boeing’s 737 factory who is now director of a. “Those employees need to feel valued and supported instead of just directing them and pressuring them to produce planes.”
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