Boeing’s New CEO Will Have to Mend 5 Relationships to Overcome the MAX Debacle
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January 2, 2020 - by Al Root for barrons.com
Boeing's soon-to-be CEO, Dave Calhoun, has a big job ahead of him. Getting the grounded 737 MAX back in service is his first priority. After that, he has to restore Boeing's marred reputation with a host of aerospace stakeholders, including regulators, the flying public and company shareholders.
Calhoun will take over for interim CEO Greg Smith in mid-January. Smith took over for Dennis Muilenburg on Dec. 23, after mismanagement of the MAX grounding—called unprecedented by some aviation stakeholders—cost the 30-year Boeing veteran his job.
"Dave Calhoun has reached out to many stakeholders to reaffirm his commitment to partnership and transparency and to open lines of communication," a Boeing spokesman said in an emailed statement shortly after Muilenburg's firing was announced.
That was a positive, albeit vague, statement. Calhoun needs to focus on five groups to fully put MAX woes behind the commercial aerospace giant in 2020.
No. 1: Regulators
The steady drip of bad news—including...
- Before deadly crashes, Boeing pushed for law that undercut oversight ›
- Boeing 737 MAX crash revelations could cost shareholders $53 billion ›
- Analysts Reaction to Boeing MAX Production Suspension ... ›