Current:Home > MyBoeing promotes insider to chief operating officer, putting her in the discussion about the next CEO -NextGenWealth
Boeing promotes insider to chief operating officer, putting her in the discussion about the next CEO
View
Date:2025-04-13 13:55:10
ARLINGTON, Va. (AP) — Boeing has promoted the head of its services business to chief operating officer, putting the female executive in discussion as a potential heir apparent to CEO David Calhoun in a male-dominated industry.
Boeing said Monday that Stephanie Pope’s elevation to the job, which includes the title of executive vice president, takes effect Jan. 1.
Pope has spent nearly 30 years at Boeing, holding down key financial jobs in the company’s defense, commercial airplanes and services divisions. She became CEO of the services unit last year.
Some industry observers were quick to tap Pope, 51, as a contender to become the aerospace company’s next CEO. Richard Aboulafia, managing director of aerospace consultant AeroDynamic Advisory, named Pope and Chief Financial Officer Brian West as potential successors to Calhoun.
Calhoun, 66, has held the top job since January 2020, when he replaced Dennis Muilenburg, who was fired during the fallout from two fatal crashes involving Boeing 737 Max jets. Calhoun, however, has shown no indication that he plans to retire anytime soon.
Days after Calhoun turned 64 in 2021, Boeing raised the retirement age for CEO from 65 to 70 — he won’t reach that age until early 2028. In February of this year, the company board gave Calhoun a $5.3 million retention grant that doesn’t vest until 2025.
Boeing has struggled with manufacturing and supply-chain problems that have interrupted production of the Max and a larger airliner, the 787 Dreamliner. It has also suffered setbacks in military programs, including a contract with the U.S. Air Force to build two new presidential jets.
The company lost $2.2 billion in the first nine months of this year after losing more than $5 billion last year. However, it has a huge backlog of orders for commercial planes, as airlines look to update their fleets with more fuel-efficient models.
veryGood! (27)
Related
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Military service academies see drop in reported sexual assaults after alarming surge
- Aaron Taylor
- Arctic Tundra Shifts to Source of Climate Pollution, According to New Report Card
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- South Korea opposition leader Lee says impeaching Yoon best way to restore order
- 'Unimaginable situation': South Korea endures fallout from martial law effort
- Man who jumped a desk to attack a Nevada judge in the courtroom is sentenced
- Could your smelly farts help science?
- Apple, Android users on notice from FBI, CISA about texts amid 'massive espionage campaign'
Ranking
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Alex Jones keeps Infowars for now after judge rejects The Onion’s winning auction bid
- 'Yellowstone' Season 5, Part 2: Here's when the final episode comes out and how to watch
- Man who jumped a desk to attack a Nevada judge in the courtroom is sentenced
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Friend for life: Mourning dog in Thailand dies at owner's funeral
- Neanderthals likely began 'mixing' with modern humans later than previously thought
- Social media platform Bluesky nearing 25 million users in continued post
Recommendation
Tom Holland's New Venture Revealed
'The Later Daters': Cast, how to stream new Michelle Obama
Joe Burrow’s home broken into during Monday Night Football in latest pro
Timothée Chalamet makes an electric Bob Dylan: 'A Complete Unknown' review
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
Timothée Chalamet makes an electric Bob Dylan: 'A Complete Unknown' review
Mitt Romney’s Senate exit may create a vacuum of vocal, conservative Trump critics
Austin Tice's parents reveal how the family coped for the last 12 years