New Boeing CEO takes the reins

The Boeing Company's former Chairman steps into lead the business through "challenging time"

The Boeing Company’s Chairman, David L. Calhoun, has this week assumed the role of President and Chief Executive Officer, following the sudden resignation of Dennis A. Muilenburg in December in the wake of the 737 MAX fiasco.

“With deep industry experience and a proven track record of performance, Dave is the right leader to navigate Boeing through this challenging time in our 104-year legacy,” said Lawrence W. Kellner, the recently appointed Chairman of the Boeing Board of Directors. “We’re confident Dave will take Boeing forward with intense focus on our values, including safety, quality and integrity.”

Calhoun, 62, has served in various senior leadership roles within several large-scale enterprises including at the Blackstone Group, Nielsen Holdings and GE. During his 26-year tenure at GE, he led multiple business units including GE Transportation and GE Aircraft Engines where safety was paramount. He has served on the Boeing Board of Directors since 2009 and served as chairman from 11 October to 22 December, 2019.

Boeing President and CEO David L. Calhoun

“I’m honoured to lead the talented people of Boeing as we face our challenges. Working together, we will strengthen our safety culture, improve transparency and rebuild trust with our customers, regulators, suppliers and the flying public,” said Calhoun. “With the strength of our team, I’m confident in the future of Boeing, including the 737 MAX.”

In an open letter to Boeing’s employees, Calhoun said now is a “crucial time” for the plane manufacturer.

“We have work to do to uphold our values and to build on our strengths. I see greatness in this company, but I also see opportunities to be better. Much better.”

Among Calhoun initial priorities for 2020 are the safe return to service of the 737 MAX, rebuilding trust with stakeholders, maintain production, investing in the Boeing’s future and to “keep innovating”.

“We’ll continue to invest in our global workforce and new processes and technologies that will help us become safer and more efficient as we define the future of aerospace. This work includes preparing for the first CST-100 Starliner crewed mission, first flights of the 777X and 737 MAX 10, further growth of our Global Services business and finalisation of our Embraer partnership,” Calhoun concluded.

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