Boeing CEO announces retirement at the end of 2024, may be responsible for the January 2024 accident
Dave Calhoun, CEO of American aerospace equipment giant
Boeing Announces Board and Management Changes - Mar 25, 2024
https://boeing.mediaroom.com/2024-03-25-Boeing-Announces-Board-and-Management-Changes
Boeing CEO Dave Calhoun to step down in shakeup amid safety crisis | Reuters
https://www.reuters.com/business/aerospace-defense/boeing-ceo-calhoun-step-down-2024-03-25/
Mr. Calhoun became CEO after the crash of Lion Air Flight 610 in 2018 and the crash of Ethiopian Airlines Flight 302 in 2019, and has been the top executive of Boeing for about five years.
However, on January 6, 2024, an accident occurred on Alaska Airlines Flight 1282 in which a wall panel peeled off immediately after takeoff. The plane immediately turned back and all 177 passengers and crew were safe, but the US Federal Aviation Administration (FAA) temporarily suspended operations until it inspects all Boeing 737 MAX9s owned by US airlines and operating in US airspace. I had ordered it to stop.
Federal Aviation Administration orders suspension of Boeing 737 MAX 9, impact of Alaska Airlines wall panel peeling accident - GIGAZINE
Furthermore, a subsequent investigation revealed that Boeing had been sloppy in ensuring the quality of parts it outsourced to reduce costs. In this investigation, it is accused that on the Boeing 737 MAX9 being checked, the verification team reported that there was no problem by painting over the incorrectly driven rivet, and Boeing's quality assurance team also determined that it was OK.
Boeing 737 MAX 9, which suffered a door fall accident immediately after takeoff, is accused of sloppy quality assurance in outsourced parts manufacturing - GIGAZINE
In addition, an investigation by the U.S. National Transportation Safety Board (NTSB) reported that surveillance camera footage recording maintenance work on the accident plane had been overwritten, and that a person claiming to be a current Boeing employee ``At Boeing, aircraft safety is not recognized as a track record, and salary increases and bonuses are determined based on the rise in stock prices.'' ``Management team spends money to increase stock prices rather than research and development or factory expansion. 'Delivery times are prioritized over ensuring safety,' the complaint posted , pointing out concerns about Boeing's culture regarding safety.
Investigation into Boeing's airplane door falling accident reveals that ``surveillance camera footage was overwritten and important information disappeared'' & employees accuse ``internal system that prioritizes delivery dates over safety'' - GIGAZINE
In response to these accusations and the results of the investigation, Mr. Calhoun announced on March 25, 2024 that he would retire as CEO at the end of 2024. 'The Alaska Airlines accident in January was a watershed moment for Boeing, and Boeing must continue to respond to this incident,' Calhoun said in a letter to employees.
In addition, Boeing Chairman Larry Kellner has indicated that he will not run for re-election, and it has been reported that Stan Deal, who led the commercial aircraft division, will leave Boeing on March 25, 2024. Mr. Diehl will be succeeded by COO Stephanie Pope.
On the other hand, Robert Pavlik, senior portfolio manager at investment firm Dakota Wealth, said, ``What Boeing needs is not just a new CEO, chairman, and executives.Boeing's decision-making ability is apparently paralyzed. 'It will take some time for Boeing's internal structure to change.'
Boeing said a successor to Calhoun will be determined in the future. Boeing continues to face difficult business conditions, with its 2023 financial results showing a final deficit for the fifth consecutive year, and restoring trust in safety and rebuilding management are major challenges for the next CEO.
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