According to reports from the BBC, Boeing’s current CEO, Dave Calhoun, plans to step down by December due to issues involving the level of safety on the aircraft.
This development is consistent with the six-month terms granted to Larry Kellner, who has no intention of seeking the chairmanship, and Stan Deal, who leads the commercial airlines division.
The aviation major is under investigation following a possible incident in January in which an old door of a Boeing 737 Max blew off just after takeoff, which coincided with reexaminations of the business’s quality and safety standards.
Stewart Glickman of CFRA Research emphasized the need for changes to be made to the corporate leadership, which he claims has been in place for a very long time, and Boeing has remained unchanged for a long time, and they demand a courageous and visionary leader to resolve these deep-rooted issues.
David Calhoun took over as CEO at the start of 2020, replacing Dennis Muilenburg, who was forced to become the scapegoat due to one of the worst crises in the company’s history.
Even while Calhoun promised from the beginning to establish a safety culture and win back the public’s trust, a recent incident involving an Alaska Airlines flight highlights some unresolved difficulties.
