ARLINGTON- As Boeing prepares to meet with the Federal Aviation Administration (FAA) regarding its quality-control issues, shareholders at the company’s annual general meeting (AGM) on Friday re-elected CEO David Calhoun and approved his $32.8 million compensation package, according to the Associated Press on May 17.
During the meeting, Calhoun and other executives outlined plans to enhance the quality and safety of Boeing’s aircraft, particularly in light of an incident in January where a door plug blew off a Boeing 737 Max jetliner.
Boeing Re-elects CEO Calhoun
The AGM was held online, with a moderator directing a few shareholder questions to Calhoun and Steven Mollenkopf, the new chairman of Boeing’s Board of Directors. Notably, the questions posed were not particularly challenging.
The CEO mentioned that Boeing is finalizing a 90-day plan to address its manufacturing issues, prompted by a Federal Aviation Administration (FAA) request following the door plug blowout incident.
“We expect the FAA to take the necessary time to review our plan and ensure we adhere to the control measures established as we progress,” Calhoun stated, according to Reuters.
He also noted that Boeing is working on acquiring key supplier Spirit AeroSystems, though no deadline has been set.
Multiple Challenges
Spirit AeroSystems, responsible for manufacturing fuselages for Max jets, has been a source of manufacturing defects.
Boeing faced significant criticism on January 5, 2024, after a door plug on a 737 MAX jetliner operated by Alaska Airlines blew out.
The company is also potentially facing criminal prosecution for allegedly violating the terms of a settlement with the Justice Department following two fatal Max crashes in 2018 and 2019.
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