Boeing Just Made Some Big Executive Changes
Author By Sophia VidaPosted on Boeing made numerous negative headlines in 2019 after fatal airline crashes put the company into hot water.
This week the company announced a series of senior leadership changes that will put the power of the company into the hands of one person. That person is Executive Vice President and Chief Financial Officer Greg Smith.
Smith will lead the Enterprise Operations group as executive vice president, effective May 1st.
Smith served as Boeing’s interim CEO for three weeks at the turn of the year, between Dennis Muilenburg’s resignation and David Calhoun’s assumption of his roles as CEO and president.
Boeing said Smith will get a new job and an expanded oversight in the company’s press release. “This new global organization will embed operational excellence and consistent lean principles across Boeing and its supply chain, and restore production and supply chain health as Boeing and the broader aerospace industry recover from the Covid-19 pandemic.”
Jenette Ramos, senior vice president of manufacturing, supply chain and operations, will now take on a special assignment in support of Smith and Calhoun.
The company also said it is combining its legal and core compliance programs into a single organization led by Brett Gerry.
“I am confident these changes will drive greater alignment among our functions; better equip our commercial, defense and space, and services businesses to deliver on customer commitments in a changing marketplace; and support our continuous efforts to develop talent through challenging leadership assignments,” Calhoun said.
The COVID-19 pandemic has caused Boeing to lose hundreds of airline aircraft orders and still other airliners are now requesting to defer new jet deliveries for years.
Boeing is planning to cut thousands of jobs and reduce airplane production as it receives a federal government bailout.
The company is expected to report financial results next week.
Disclaimer: We have no position in Boeing Co. (NYSE: BA) and have not been compensated for this article.
