Boeing CEO to step down in broad management shake-up as 737 Max crisis weighs on aerospace giant
Publishing timestamp: 2024-03-25 13:43:14
Summary
Boeing CEO Dave Calhoun will step down at the end of 2024 as part of a broad management shakeup. The chairman of the board Larry Kellner will not stand for reelection this year, and the CEO of the commercial airplane unit, Stan Deal, is out effective immediately. The departures come as Boeing faces increasing scrutiny from regulators and customers over quality control problems. The stock was up more than 1% after the announcements, but shares are down 26% so far this year.
Sentiment: MIXED
Tickers: BA, LUV, ALK, UAL, AAL,
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Source: https://www.cnbc.com/2024/03/25/boeing-ceo-board-chair-commercial-head-out-737-max-crisis.html