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Boeing CEO fights tears, admits our mistake in 737 address
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Boeing CEO fights tears, admits our mistake in 737 address
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Boeing CEO fights tears, admits our mistake in 737 address
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Boeing CEO fights back tears and admits our mistake in 737 address
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AP Photo/Elaine Thompson, File
Boeing s board of directors raised the mandatory retirement age for CEO David Calhoun from 65 to 70 just days after he turned 64.
The board s vote of confidence for Calhoun comes as Boeing continues to struggle to recover from two crashes of its best-selling airliner and the coronavirus pandemic, which has undermined demand for new planes. Boeing lost nearly $12 billion last year as orders and deliveries plunged.
Boeing also announced Tuesday that Chief Financial Officer Gregory Smith, 54, will retire in July. A search has begun for a successor to Smith, who has been CFO since 2011 and served as interim CEO after Boeing ousted Dennis Muilenburg in December 2019.