Boeing leadership frontrunners: Who will be the next Boeing CEO?
) navigates through a challenging and transitional period marked by various headwinds that have significantly impacted the company, it is currently on the hunt for a new CEO.
Head of the search Chair Steve Mollenkopf “could fit, with a successful history at QCOM defending against regulators, takeovers/activists, and customer disputes,” said Jefferies. Mollenkopf joined the Boeing board in 2020 and has been appointed independent chair to lead the CEO search. However, Jefferies feels his hat may be in the ring.) in 2011, serving for two years before becoming CEO-elect and then CEO in 2014, serving in the role until 2021.
Jefferies notes that other candidates on the potential shortlist include Pat Shanahan, the interim President and CEO of Spirit AeroSystems , and John Plant, who served as CEO of Arconic from February 2019 to April 2020 and as Co-CEO of Howmet from April 2020 to October 2021 before being appointed as sole CEO.
In a recent note to clients, analysts at Argus downgraded the stock to Hold, stating that while they have long viewed Boeing as a “special situation.” absent a CEO, the “turnaround opportunity is now multiple quarters in the future.”
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