Page 11 - Larry Kellner News Today

Boeing's next CEO must handle the company's safety crisis and quality problems as well as growing competition from Airbus and Chinese manufacturers.

It "makes sense to have an internal person, but it’s not a slam dunk,” said CEO succession expert Jason Schloetzer.

Leadership changes at Boeing have Commercial Airplanes CEO Stan Deal out effective immediately, while both CEO Dave Calhoun and chair Larry Kellner revealed their departure dates.

Three senior Boeing executives including its CEO are stepping down, the company said Monday, as the company continues to deal with an ongoing scandal and federal investigation into the safety of its passenger jets.

Sonnenfeld expressed his views on CNBC's Last Call and remarked on Boeing's ongoing legal woes.

Among the companies with reports and trading updates today are Bellway, Revolution Bars, Ocado, Asos, 888, Flutter, Fevertree and Pets at Home.

Boeing CEO Dave Calhoun is poised leave his post at the end of the year with a massive payout -- despite a failed tenure capped by the Alaska Airlines door blowout that has devastated the company's reputation.

It still seems like hes leaving screaming and kicking: Boeing CEO Dave Calhouns exit is long overdue and will take too long to effectively avert a spiraling crisis, a top business expert has said.

MICEBTN

Vodafone Germany embarks on a significant restructuring, cutting 2,000 jobs to save €400 million. Despite challenges, the telecom giant prioritizes network modernization and strategic growth investments.