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...Ryanair boss Michael O’Leary, another large Boeing customer, has expressed his “disappointment” at Calhoun’s departure, blaming the layers of management below him running the commercial business near Seattle...
...I’m sure [chief executive] Dave Calhoun and [commercial head] Stan Deal are on that . . . this is the last chance saloon.”...
...Dave Calhoun, the chief executive of Boeing, is to step down at the end of this year, as part of a sweeping overhaul of the management at the US plane maker....
...For the commercial aircraft division, the metrics have been tweaked to base 60 per cent of the annual awards on operational performance and 40 per cent on financial targets....
...Stan Deal, head of the company’s commercial aeroplane division, which has been at the centre of the door-plug incident, is to retire immediately, Boeing added....
...Calhoun’s impending departure means Pope “has some nine months to instil meaningful behaviour changes in the commercial aircraft unit that eluded her predecessors for nearly five years”, Owens at Morningstar...
...Since then, Airbus has built a commanding lead in the lucrative narrow-body segment of the commercial market with its popular A320 family of jets....
...Increasing production of the Max, the company’s biggest-selling commercial model, is critical to its recovery following the Covid-19 pandemic and two deadly crashes of the Max 8 variant....
...On Monday, Calhoun said he would step down from the struggling plane maker at the end of the year. Stan Deal, head of Boeing’s commercial aeroplanes unit, will retire with immediate effect....
...Apologies by Calhoun and Stan Deal, Boeing’s head of commercial airplanes, appear to have carried weight with some of the company’s constituents....
...John GriffithsFormer Chief Economist, Boeing Commercial Airplanes, Seattle, WA, US...
...Calhoun, a former GE executive, stabilised the company and repaired relations with regulators after the 737 Max 8 crashes....
...Not only is Pope a Boeing lifer, she is widely considered to be the heir apparent when chief executive Dave Calhoun retires. If she gets the top job, she would be Boeing’s first female CEO....
...That goes back to its unhappy 1996 merger with McDonnell Douglas, which broadened its scope from commercial aircraft into defence and unleashed the mantra of shareholder value....
...The company asked Greg Hyslop, then the chief engineer, to move from Chicago to Seattle to be closer to Boeing’s commercial plane factories....
...It also needs a bold commercial strategy to engage engineers and claw back share from Airbus. Because even if these recent incidents are eventually blamed on suppliers, passengers won’t care....
...Clark’s departure was part a wider shuffling of positions in the commercial plane business....
...The family of jetliners accounts for about three-quarters of its commercial orders....
...Moody’s has cut New York Community Bancorp’s credit rating to junk, citing “high governance risks” and the potential for commercial real estate losses to create “confidence sensitivity”....
...Calhoun has said the company is essentially running two production lines as it readies planes in storage for delivery to customers....
...Dave Calhoun, chief executive, is due to meet lawmakers on Capitol Hill on Wednesday, including Senator Mark Warner from Virginia, where the company is headquartered....
...I myself do not have a view on whether Calhoun, who has an excellent reputation, is the right man for the job....
...In response, Calhoun announced yesterday that he’ll leave at the end of the year. The board chair and the head of the commercial aeroplane division will also be stepping down....
...In what chief executive David Calhoun called a “solid quarter”, Boeing’s revenue grew 18 per cent to nearly $20bn as it delivered 136 commercial jets between April and June amid high demand from airlines...
...Calhoun stressed that, despite the demand, the manufacturer would not build 737s faster than 50 a month....
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