Boeing shares gain amid board shuffle ✈️

Boeing (BA.US) Chairman and CEO Dave Calhoun plans to step down as CEO at the end of 2024, the company announced today before the opening of the session on Wall Street. What's more, Stan Deal, president and CEO of Boeing Commercial Airplanes, will retire effective immediately (today). However, this is not the end of changes on the managerial and executive level. Current CEO Larry Kellner is also resigning and will leave the board at Boeing's annual meeting in May.

The company's shares are gaining nearly 2.5% before the open following the announcement. Investors expect a restructuring of the company's internal operations after a series of defections involving 737 Max airplanes.

Source: xStation