Boeing may look for new CEO outside: A look at who could replace Dave Calhoun next year
choose a new CEO from outside its ranks as it navigates operational and legal challenges under 66-year-old Dave Calhoun, as per a Reuters report. Calhoun is set to step down by 2024-end to make way for a new CEO.
This comes after the company's commercial planemaking chief and chairman have also exited amid the mounting controversies. Also Read | Boeing CEO Dave Calhoun steps down, says 'board has been prepared' — Read full text here The incoming CEO will face a plethora of tasks, including enhancing the company's safety culture, addressing quality concerns, and rebuilding trust among regulators, customers, and the general public.
Moreover, Boeing must fulfil its objectives to increase production rates and bolster cash flow to alleviate debt pressures and compete more effectively with its European rival Airbus, the report noted. So, the question arises: who will take up the CEO role from Calhoun? Analysts told Reuters they expect an "outsider" to take the post after the most favoured candidate Stephanie Pope was appointed as Chief Operating Officer three months ago, and more recently as head of Boeing's commercial planes division.
"The company was teeing up Stephanie Pope to likely succeed Calhoun but that seems to have changed in favour of an external search for a new CEO. This could result in a high-profile hire," Stifel analyst Bert Subin told Reuters.
Also Read | Boeing CEO Dave Calhoun, other senior executives to step down after series of high-profile safety incidents They added that an external candidate is also being favoured for a "fresh perspective" on addressing concerns regarding Boeing's quality and manufacturing practices. Besides the industry watchers, unions on their part are advocating for a return to
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