Regarding Boeing’s future, Calhoun played with confidence.
On January 13, local time, the new CEO of the United States Boeing Company, David Calhoun, took over as scheduled, taking over the aviation giant. After the new officer took office, Boeing’s stock price has been bullish all the way, up 1.6% before the market, and once exceeded $ 335 per share.
When David Calhoun, who was in danger, took office, he emailed all Boeing employees and shared the main tasks of 2020: working to get Boeing 737MAX approved for another flight, and working to restore Boeing’s safety and quality Its reputation has led Boeing out of a crisis that has taken more than a year.
For the past year or so, the world ’s largest airliner Boeing has not had a good time. In less than half a year between October 2018 and March 2019, two consecutive crashes of the 737MAX series aircraft killed 346 passengers. The aircraft was then grounded worldwide, losing billions of dollars, and Boeing crashed into the cloud overnight. In addition, various issues such as the sluggish stock price, the setback of the space taxi project, and the suspension of production and layoffs have always haunted Boeing.
Although several times afterwards, Boeing’s slump seemed unstoppable. According to the 2019 commercial aircraft order and delivery data announced by Boeing on January 14, Boeing recorded a total of 246 aircraft orders in 2019, a 16-year low since 2003. Compared with its competitors Airbus won 1,131 total aircraft orders and 768 net flight orders in 2019, Boeing has completely given the title of “world’s largest aircraft manufacturer” to its rivals.
Dennis Mullenberg, former Boeing CEO, was fired in December 2019 for mishandling the crisis, and then chief director David Calhoun took over as president and chief executive officer.
It’s not easy to pick up a hot Boeing at this time. In order to motivate the new CEO, the Boeing Board of Directors offered attractive compensation, approving the annual salary of $ 1.4 million (about 9.68 million yuan) and $ 26.5 million of Calhoun Long-term compensation plan, but only if it leads Boeing to achieve several key business milestones, including the 737Max go-around.
Calhoun, 62, has held senior leadership positions in various large companies including the US private equity giant Blackstone Group, Nielsen Holdings, and General Electric, and has been a member of the Boeing Board of Directors since 2009. Although not an engineer, Calton’s ten-year management status has made Calhoun quite familiar with the company’s various businesses. In the previous Boeing crisis, he also mediated to avoid Boeing and the regulator FAA Conflicts have intensified.
The Boeing Board therefore has high hopes for the appointment of Carlhorn, Under the leadership of the new head, Boeing will shave bones to cure poison and gradually return blood.
Although Calhoun expressed his confidence on the day of taking office, “the goal of the 737MAX go-around will be completed in the right way.” However, the unavoidable dilemma reality is that American Airlines (AA), the largest American airline, announced the following day The schedule for excluding the 737MAX from its flight schedule was extended from April 6 to June 3, and a few weeks ago, United also postponed the 737MAX flight schedule from March to June 4. day.
Header Source: Unsplash