New Boeing President and CEO David L. Calhoun begins Role | Financial Buzz

New Boeing President and CEO David L. Calhoun begins Role

Starting today, David L. Calhoun begins his new role as President and CEO of The Boeing Company (NYSE: BA). The new Boeing helm was appointed to focus on safety culture, improve transparency and rebuild trust.

The Companies new leadership initiative follows the two major crashes with the Boeing 737 MAX flagship between 2018 and 2019.

David L. Calhoun has various experiences in senior leadership roles within large-scale enterprises including the Blackstone Group, Nielsen Holdings and GE. Calhoun is replacing the former CEO and President of The Boeing Company, Dennis A. Muilenburg.

“With deep industry experience and a proven track record of performance, Dave is the right leader to navigate Boeing through this challenging time in our 104-year legacy,” said Lawrence W. Kellner, chairman of the Boeing Board of Directors. “We’re confident Dave will take Boeing forward with intense focus on our values, including safety, quality and integrity.”

Additionally Boeing was recently making the news when a Boeing aircraft was shot down by the Irainian government incidental with the current conflict between the U.S. and Iran. When the first statement was the aircraft crashed due to a mechanical issue, Boeing shares fell but recovered quickly and started rising as soon as the U.S. government stated their believe of an accidental shut down by the Irainian active air defense system.

Calhoun said: “I’m honored to lead the talented people of Boeing as we face our challenges. Working together, we will strengthen our safety culture, improve transparency and rebuild trust with our customers, regulators, suppliers and the flying public.”

 “With the strength of our team, I’m confident in the future of Boeing, including the 737 MAX,” added the 62-year old.

Boeing’s new Chief Executive Officer and President shared his priorities for 2020 with all Boeing employees via email this morning, including the safe return of the 737 MAX to service, rebuilding trust, focusing on the Boeing core values