Search for new chief executive for troubled planemaker continues amid safety crisis and slumping share price
Boeing’s departing CEO, Dave Calhoun, was re-elected to stay on the troubled company’s board on Friday, even as the planemaker’s chair said he was gathering feedback from customers and others in its search for a new chief executive.
Boeing is dealing with a sprawling crisis that includes multiple investigations, possible prosecution for past actions and slumping production of its strongest-selling jet.
Shareholders voted at Boeing’s annual general meeting (AGM) for Calhoun to remain on the board in a preliminary tally.
The proxy adviser Glass Lewis had recommended shareholders vote against the re-election of Calhoun and two other directors to Boeing’s board, citing dissatisfaction over efforts to transform the planemaker’s safety culture.
Steven Mollenkopf, Boeing’s chair and the former boss of Qualcomm, is leading the search to replace Calhoun, who said he would retire by year-end as part of a management shakeup following a January mid-air blowout on a new 737 Max 9.
