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Boeing Replaces Head Of Its Commercial Airplane Unit

By John F. Heerdink, Jr.

Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems.

Reportedly, Boeing has replaced the head of its commercial airplane unit, Kevin McAllister on Tuesday amid its flagship aircraft 737 Max crisis. Stan Deal, a three-decade Boeing employee, leading Boeing’s global services business to take over the position of McAllister who was in service of the unit since 2016.

A few weeks back, Boeing had removed CEO Dennis Muilenburg of his chairman role, explaining the move would help Muilenburg focus better on getting the Max planes back to service. The replacement and shuffling come as a major change, as the manufacturer is trying hard to convince regulators to get its 737 Max plane back on-board after the occurrence of two fatal crashes taking 346 lives.

“We’re grateful to Kevin for his dedicated and tireless service to Boeing, its customers, and its communities during a challenging time, and for his commitment to support this transition,” stated Muilenburg.

Boeing’s new chairman David Calhoun informed the approval and support from the Board on the new appointments, as reported.

To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Boeing replaces head of commercial airplane unit amid 737 Max crisis in CNBC)


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