Boeing Announces Major Management Shake-Up: CEO Resigns, New Chairman and Head of Commercial Airplanes Appointed

TLDRBoeing makes significant changes to its management: CEO Dave Calhoun resigns, new chairman Steve Mullencough appointed, and Stephanie Pope becomes head of Boeing Commercial Airplanes. Calhoun's resignation comes as Boeing faces manufacturing problems and pressure for concrete action. The board will conduct a CEO search, led by Mullenbough, to address the company's challenges. The changes aim to bring stability while implementing necessary improvements.

Key insights

🔄CEO Dave Calhoun resigns, making way for a comprehensive leadership change at Boeing.

👥Steve Mullenbough appointed as the new chairman of the board.

✈️Stephanie Pope takes over as the new CEO of Boeing Commercial Airplanes.

🌍Boeing addresses manufacturing problems and commits to fixing unresolved issues.

🔎Board conducts CEO search to find the right candidate with a unique skill set.

Q&A

Why did Dave Calhoun resign as CEO of Boeing?

Dave Calhoun resigned to address the manufacturing problems and challenges Boeing is facing.

Who is the new chairman of Boeing's board?

Steve Mullenbough has been appointed as the new chairman of Boeing's board.

Who will be the new CEO of Boeing Commercial Airplanes?

Stephanie Pope will take over as the new CEO of Boeing Commercial Airplanes.

What is Boeing doing to fix the manufacturing issues?

Boeing is committing to fixing the unresolved manufacturing problems and taking concrete action to address them.

How will Boeing find a new CEO?

Boeing's board will conduct a thorough CEO search, aiming to find a candidate with a unique skill set to lead the company.

Timestamped Summary

00:09CEO Dave Calhoun resigns from his position at Boeing, paving the way for a comprehensive management shake-up.

00:27Larry Kelner, chairman of the board, resigns from his position, and Steve Mullenbough takes over as the new chairman.

01:11Stan Diehl, previous head of Boeing Commercial Airplanes, resigns, and Stephanie Pope assumes the position of CEO.

01:24Stephanie Pope's appointment as CEO of Boeing Commercial Airplanes signifies the company's commitment to addressing manufacturing problems.

02:02Boeing's board will conduct a CEO search, led by Steve Mullenbough, to find the right candidate for the position.