Boeing welcomes new CEO David Calhoun: non-engineer

David Calhoun, Boeing’s new chief executive, will take over on January 13th, local time, and will lead the US aerospace giant out of the crisis. In addition, the board approved David Calhoun’s $1.4 million-a-year compensation package, or about Rmb9.68 million, according to documents released by Boeing. And if he does well, he will receive a series of additional rewards.

David Calhoun, Boeing’s new chief executive, is understood to be not an engineer, but he has previously been a member of The Company’s board of directors and knows the company’s businesses as well. In addition, one of his main goals in the crisis was to try to get the Boeing 737 MAX to be re-flyed and restore Boeing’s reputation for safety and quality during the crisis.

Boeing welcomes new CEO David Calhoun: non-engineer

Why David Calhoun is chosen as the new CEO, analysts in the industry say. Many of Boeing’s current problems stem from poor communication, and unlike former chief executive Mr. Millenberg, David Calhoun is very good at dealing with the company’s external relations. Such capabilities are crucial at a time when Boeing is in such a crisis.

Boeing’s 737 MAX aircraft is grounded worldwide as a result of two fatal crashes, and according to U.S. regulators, there is no specific timetable for its return next year, according to U.S. regulators. Accordingly, Boeing’s market value has evaporated by nearly $60 billion since the second crash.