Boeing CEO resigns - VnExpress Business

Dave Calhoun will leave his position as CEO of Boeing amid the aircraft manufacturer's reeling from the safety crisis surrounding the 737 Max.

Boeing, the aircraft manufacturer, announced a series of senior management changes on March 25. Accordingly, CEO Dave Calhoun will leave the company at the end of this year.

Calhoun is under pressure from recent Boeing aircraft incidents. On January 5th, an Alaska Airlines 737 MAX 9 made an emergency landing after a door seal detached at an altitude of 5,000 meters. Three days later, United Airlines discovered loose bolts on a series of 737 MAX 9 aircraft during preliminary inspections.

This incident is causing suspicion among US officials and anger among airlines. Last week, a group of US airline CEOs met with Boeing's board of directors to express their concerns about the incident with Alaska Airlines.

Boeing CEO Dave Calhoun in Washington, January 2023. Photo: Reuters

Boeing chairman Larry Kellner will also step down from the board of directors. Former Qualcomm CEO Steve Mollenkopf has been appointed to replace him.

Stan Deal, CEO of Boeing's commercial aircraft division, has also resigned. Stephanie Pope, Boeing's COO since January, will take over the position.

Boeing is currently having to limit production while it tries to fix the quality issues. This will cost them more money than expected. At a Bank of America seminar on March 20th, Boeing's Chief Financial Officer Brian West predicted that Boeing could lose $4-4.5 billion in cash in the first quarter. Since the beginning of the year, Boeing's stock has lost nearly 25%.

Boeing's problems have led to a surge in orders going to Airbus, its main competitor. Last week, Airbus received orders for 65 aircraft from two of Boeing's traditional customers in Asia: Japan Airlines (JAL) and Korean Air.

Ha Thu (according to Reuters, CNN)

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