Page 3 - David Gitlin News Today

Its share price is down, regulators are investigating, airlines are unhappy and its CEO is stepping down. Can Boeing survive the crisis?

Stephanie Pope is charged with patching up the company’s shattered reputation

Boeings new management faces a myriad of challenges — criminal investigations, eroding finances, regulatory scrutiny, market share losses to rival Airbus SE — along with a rare opportunity to shift Boeing away from the focus on cash that has driven its strategy for the past decade.

Boeings board seeks a new CEO to address the companys crises and rebuild trust and is considering external candidates like Larry Culp and Pat Shanahan. Initially a favourite, Stephanie Popes promotion to head of the commercial airplanes division delays her potential CEO role.

Boeings board has begun the search for a big-hitter to take the helm of the troubled planemaker following the turbulent tenure of CEO Dave Calhoun, with many industry executives and analysts...

Facing mounting pressure from airlines, regulators and investors, Boeing on Monday announced a broader than expected shakeup with Calhoun, 66, stepping down by year-end on the heels of the companys commercial planemaking chief and its chairman.

A future change of CEO and an analyst price target cut have impacted the share price today.

After damaging revelations about quality issues, the airplane manufacturers management is being shaken up. These are some of the top candidates to replace its CEO.

Carrier Global Corp. is continuing the major portfolio shift it began last year by selling its Industrial Fire business to Sentinel Capital Partners.

Agreement includes development of a cutting-edge manufacturing and R&D center expected to create more than 5,000 local jobs. RIYADH, Saudi Arabia, Feb. 20, 2024 /PRNewswire/ -- Alat (Alat), a PIF company, and Carrier