Boeing Management Shake-up

SOURCE www.cnbc.com
Boeing CEO Dave Calhoun and chairman Larry Kellner are stepping down in a management shake-up. Stan Deal, president of Boeing Commercial Airplanes, is leaving immediately. The changes come amidst increased scrutiny over quality and manufacturing flaws on Boeing planes.

Key Points

  • Dave Calhoun and Larry Kellner stepping down from their roles at Boeing.
  • Stan Deal leaving his position as president and CEO of Boeing Commercial Airplanes.
  • Increased scrutiny and calls for major changes at Boeing following recent quality and manufacturing issues.
  • Boeing stock was up more than 2% after the announcement.
  • Boeing facing delays in plane deliveries and production issues.

Pros

  • New leadership may bring positive changes to address quality and manufacturing issues at Boeing.
  • Increased commitment to safety and transparency emphasized by current CEO Dave Calhoun.

Cons

  • Departures of key executives could lead to instability and uncertainty within the company.