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re: Boeing CEO to step down at the end of the year
Posted on 3/25/24 at 2:15 pm to baldona
Posted on 3/25/24 at 2:15 pm to baldona
quote:
Replacing a CEO is not exactly a two week notice training type of gig. This is more likely an indication they are bringing in someone from outside the top 5 or so executives at Boeing or they don’t know who they are hiring.
Probably a good idea, but they don't need 9 months. Show this guy the door immediately and appoint an internal interim while you find your next CEO.
Posted on 3/25/24 at 2:28 pm to Dadren
quote:
slide an interim in who is already in the C suite.
And that will not fix the problem - Boeing is rife with accountants and business majors - they need to go outside the company and hire a real aeronautics engineer.
If they want an interim CEO (who also hires the long-term CEO), call Alan Mulally - this guy:
Mulally graduated from the University of Kansas, with Bachelor of Science (1968) and Master of Science (1969) degrees in aeronautical and astronautical engineering. He was also a member of the Kappa Sigma Fraternity.[11] He received a Master's degree in Management (S.M.) as a Sloan Fellow from MIT's Sloan School of Management[12] in 1982.
Mulally was hired by Boeing immediately out of college in 1969 as an engineer. He held a number of engineering and program management positions, making contributions to the Boeing 727, 737, 747, 757, 767, and Boeing 777 projects. He led the cockpit design team on the 757/767 project. Its revolutionary design featured the first all-digital flight deck in a commercial aircraft, the second two-man crew for long range aircraft after the Airbus A300, and a common type rating for pilots on two different aircraft. He worked on the 777 program first as director of engineering and, from September 1992, as vice president and general manager.[13]
He was later named as vice president of Engineering for the commercial airplane group. He is known and recognized for elevating Phil Condit's "Working Together" philosophy through and beyond the 777 program. In 1994, Mulally was promoted to senior vice president of Airplane Development and was in charge of all airplane development activities, flight test operations, certification, and government technical liaison. In 1997, Mulally became the president of the Boeing Information, Space & Defense Systems and senior vice president.[14] He held this position until 1998 when he was made president of Boeing Commercial Airplanes; chief executive officer duties were added in 2001.[13]
Following the forced resignations of CEOs Phil Condit in 2003 and Harry Stonecipher in 2005 of parent The Boeing Company, Mulally was considered one of the leading internal candidates for the position.[15] When Mulally was passed over in both instances, questions were raised about whether he would remain with the company.
He left Boeing and was hired as CEO of Ford - under Mulally's leadership, Ford was the only US automaker that did not need or request a government bailout in the financial crisis of 2008-2009.
Posted on 3/25/24 at 2:33 pm to When in Rome
DEI CEO incoming!
Stock prices AND airplanes about to keep crashing
Stock prices AND airplanes about to keep crashing
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