Boeing's next CEO must repair relationships, develop new plane: Analyst
03/26/2024 03:58
Boeing announced on Monday that CEO Dave Calhoun would step down, with the search for a replacement underway. The jet maker has experienced a slew of safety incidents, prompting a DOJ probe. Bank of America Senior Equity Analyst Ronald Epstein joins Yahoo Finance Live to discuss his Neutral stock rating and what to expect from Boeing's new leadership. In Boeing's internal and external search for a new CEO, Epstein explains that the candidate must be able to generate goodwill internally and repair relationships with airlines, the public, and regulators like the FAA. A broader cultural change is also in order, the analyst claims: Boeing will need to improve execution, prioritize safety over the time it takes to manufacture airplanes, and begin developing its next product. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's Note: This article was written Gabrel Roy
Boeing announced on Monday that CEO Dave Calhoun would step down, with the search for a replacement underway. The jet maker has experienced a slew of safety incidents, prompting a DOJ probe. Bank of America Senior Equity Analyst Ronald Epstein joins Yahoo Finance Live to discuss his Neutral stock rating and what to expect from Boeing's new leadership.
In Boeing's internal and external search for a new CEO, Epstein explains that the candidate must be able to generate goodwill internally and repair relationships with airlines, the public, and regulators like the FAA. A broader cultural change is also in order, the analyst claims: Boeing will need to improve execution, prioritize safety over the time it takes to manufacture airplanes, and begin developing its next product.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's Note: This article was written Gabrel Roy