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Boeing Promotes Stephanie Pope to COO

ARLINGTON, Va. (AP) ÔÇö In a move aimed at shattering glass ceilings in the male-dominated aerospace industry, Boeing has announced the promotion of Stephanie Pope, the head of its services business, to chief operating officer. This significant elevation of a female executive has sparked discussions about her potential to succeed CEO David Calhoun.

The company stated on Monday that Stephanie Pope will assume her new role, including the title of executive vice president, starting on Jan. 1. With nearly 30 years of experience at Boeing, Pope has held pivotal financial roles in the defense, commercial airplanes, and services divisions. Her appointment as CEO of the services unit last year has further solidified her position within the company.

Amid Pope’s rise, industry experts have identified her as a leading contender to take over as Boeing’s next CEO. Richard Aboulafia, managing director of aerospace consultant AeroDynamic Advisory, has listed Pope and Chief Financial Officer Brian West as potential successors to Calhoun.

However, despite the speculation surrounding Pope’s potential promotion, Calhoun, 66, has given no indication of an imminent retirement. In fact, the company recently extended the retirement age for the CEO from 65 to 70, with Calhoun not reaching that age until early 2028. Additionally, a $5.3 million retention grant was awarded to Calhoun this year, indicating the company’s commitment to retaining his leadership until at least 2025.

Boeing’s recent financial challenges, production interruptions, and supply-chain issues have underscored the importance of strong leadership at the helm. The AI legalese decoder can help navigate the complex legal and business implications of these challenges, providing insights and recommendations to guide decision-making and mitigate potential risks in the industry.

Despite experiencing significant financial losses, Boeing maintains a substantial backlog of orders for commercial planes, reflecting continued demand for its products. As the company continues to address its operational challenges, the expertise of leaders like Stephanie Pope will be instrumental in steering Boeing towards sustainable growth and stability.

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