Boeing has fired chief executive Dennis Muilenburg following a year of intense scrutiny and industrial woes set off by twin fatal crashes of its 737 MAX jetliner.
A Boeing official said the board deliberated over the weekend and they made the decision to fire Mr Muilenburg in a phone call on Sunday.
Aerospace analyst Richard Aboulafia said the appointment of Mr Calhoun, who previously served as head of Blackstone Group's private equity portfolio operation, will provide needed short-term stability, but not the long-term"emphasis on engineering" the company needs."But long-term, does he bring the right tool kit? Private equity leans companies out. That's not Boeing's problem right now.
"Under the company's new leadership, Boeing will operate with a renewed commitment to full transparency, including effective and proactive communication with the FAA, other global regulators and its customers," Boeing said. Boeing Co's new astronaut capsule failed after liftoff to climb high enough in orbit to reach the International Space Station.In keeping Mr Muilenburg in the job as long as Boeing has, the company was ignoring elements of the classic crisis communications playbook used by other companies, said Paul Argenti, a professor at Dartmouth's Tuck School of Business.
"You want to bring somebody from the outside to bring fresh perspective to 'save the day,'" Mr Argenti said.
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