Calhoun, previously Boeing's chairman, was tasked with steering the aerospace giant through the turmoil sparked by two deadly crashes that led to the...
- Boeing's David Calhoun will step down as CEO at the end of 2024, capping four turbulent years at the helm as the iconic planemaker seeks to address a spiraling safety crisis following a mid-air panel blowout on a 737 MAX plane in January.
* In 2021, it halted 737 MAX deliveries after electrical problems re-grounded part of the fleet, while shortages of a wiring connector slowed production in 2022. * The Federal Aviation Administration in February limited Boeing's 737 production to 38 a month and gave it 90 days to develop a comprehensive plan to address quality.
* Boeing is in talks to buy its former unit Spirit, which it spun off in 2005, to get more control over its supply chain.Boeing's stock has lost nearly 43% of its value better since Calhoun took the top job on Jan. 13, 2020. Meanwhile, rival Airbus has added more than 26% to its market capitalization during the same period.Airbus has been steadily growing single-aisle market share with its A320 jet family in the wake of multiple crises involving the MAX.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Boeing’s Board Plans to Meet Airline Chiefs Without CEO CalhounBoeing's board of directors is set to meet with airline executives without CEO Calhoun. Former Steinhoff CEO Markus Jooste dies in South Africa. Reddit's stock climbs 38% after a successful IPO. A fast food worker helps a fugitive launder stolen Bitcoin billions. A study suggests that climate change worsened a West African heat wave. UBS boss Ermotti states that banks are not the 'climate police'. The Bank of England's quick pivot puts June in focus for a rate cut. Siemens Energy prepares to resume sales of troubled wind turbines. Uranium's price plunge is bottoming out on the nuclear future. Private lender Kimura Capital plans to start a new commodity hedge fund. The UK's snub of a Telegraph bid risks souring the wider UAE relationship. Modi's party receives the biggest donations from Megha and Aditya Birla. Circle K owner's sales drop as consumers pull back. Copper resumes its rally as Fed rate signals boost industrial metals. Canada plans to cut temporary residents by 20% over three years. The federal minimum wage is rising to $17.30 an hour on April 1. N.L. plans to go ahead with the budget as fishers gather for a second day of protest. Canadian provinces are set to borrow 22% more this year as deficits rise. The news is related to various topics such as aviation, business, finance, climate change, energy, politics, and labor.
Read more »
Boeing CEO Dave Calhoun is stepping downBoeing announced Monday that its CEO, Dave Calhoun, would step down at the end of the year.
Read more »
Boeing CEO Calhoun to step down at end of 2024Boeing said on Monday that CEO Dave Calhoun would step down from his position at the end of 2024.
Read more »
Boeing CEO Dave Calhoun to step downBoeing announced Monday that its CEO, Dave Calhoun, would step down at the end of the year.
Read more »
Boeing CEO Calhoun to step down from post by end of yearBoeing 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...
Read more »