- Title: Muilenburg was sacrificed for appearances - analyst
- Date: 23rd December 2019
- Summary: WASHINGTON, D.C., UNITED STATES (DECEMBER 23, 2019) (REUTERS VIA SKYPE) (SOUNDBITE) (English) TEAL GROUP, VICE PRESIDENT OF ANALYSIS, RICHARD ABOULAFIA, SAYING: "You know, Dave Calhoun is going to be a bit better diplomat. He is respected in the industry. He's generally done better at dealing with the press and with other people, in communicating, over the past few months. The big question is going to be whether or not he has a long-term leader for the company or merely someone who stabilizes Boeing's handling of this crisis. The perception of him is that he's got a background in General Electric and private equity, financial management. You know, these are not skills that Boeing has had in short supply in recent years or even decades. There's some doubt, for a good reason, whether he'd be a good-long term choice to restore the company and make good its problems with, say, relations between management and engineering, and new product development strategy, and other decisions. But in the short run, he'll probably inspire some confidence."
- Embargoed: 6th January 2020 18:36
- Keywords: 737 MAX jetliner Boeing Chief Executive Dennis Muilenburg David Calhoun R.W. Mann Richard Aboulafia Robert Mann Teal Group aircraft airline flight jet
- Location: RENTON, WASHINGTON, + NEW YORK, + PORT WASHINGTON, NEW YORK, + WASHINGTON, D.C., + DALLAS, TEXAS, UNITED STATES, TOKYO, JAPAN, UNKNOWN LOCATIONS
- City: RENTON, WASHINGTON, + NEW YORK, + PORT WASHINGTON, NEW YORK, + WASHINGTON, D.C., + DALLAS, TEXAS, UNITED STATES, TOKYO, JAPAN, UNKNOWN LOCATIONS
- Country: USA
- Topics: Company News Markets,Economic Events
- Reuters ID: LVA007BB7600D
- Aspect Ratio: 16:9
- Story Text: Boeing ousted Chief Executive Dennis Muilenburg on Monday (December 23) as the world's biggest planemaker sought to control an escalating crisis that has seen it halt production of its best-selling 737 MAX jetliner following two fatal crashes.
The sacking comes as Boeing struggles to mend strained relations with the regulators it needs to win over to get the grounded 737 back in the air, and seeks to regain trust with passengers and airline customers around the world.
Chairman David Calhoun will take over as CEO and president, effective from Jan. 13, the company said, adding that a change in leadership was necessary to restore confidence.
The company's shares, which have dropped more than 20% over the past nine months, rose nearly 4% in early trading.
(Production: Aleksandra Michalska) - Copyright Holder: REUTERS
- Copyright Notice: (c) Copyright Thomson Reuters 2019. Open For Restrictions - http://about.reuters.com/fulllegal.asp
- Usage Terms/Restrictions: None
