Boeing CEO Dave Calhoun To Resign In 2024: 'Eyes Of The World Are On Us' (UPDATED)
Portfolio Pulse from Piero Cingari
Boeing Co. announced a major leadership overhaul with CEO Dave Calhoun set to resign by the end of 2024, alongside the resignation of board chairman Larry Kellner. Steve Mollenkopf, former CEO of Qualcomm Inc., will succeed Kellner as chair. The changes come as Boeing aims to navigate through the aftermath of the 737 Max crisis and recent quality issues. Shares of Boeing rose over 2% in premarket trading following the announcement.
March 25, 2024 | 12:31 pm
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Boeing Co. announces leadership changes with CEO and board chairman resigning, aiming to navigate post-737 Max crisis challenges. Shares rose over 2% following the news.
The leadership changes at Boeing, including the CEO's resignation, are significant for investors as they signal a strategic shift and a commitment to addressing past challenges. The immediate positive reaction in stock price indicates market optimism about these changes.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Steve Mollenkopf, former CEO of Qualcomm Inc., is set to become the new board chairman of Boeing, bringing his experience to the aerospace giant.
While the appointment of Steve Mollenkopf as Boeing's new chairman is noteworthy, it's less directly impactful on Qualcomm's operations or stock. However, it highlights the cross-industry leadership capabilities of Qualcomm's former CEO.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50