Boeing Seeks New CEO with Manufacturing Expertise to Address Quality Issues; Carrier's Gitlin a Top Contender Alongside Shanahan
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Boeing's board and shareholders now want a CEO with manufacturing expertise to fix quality issues, not just a financial leader. Top commercial executive Stan Deal resigned suddenly.
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The board now favors an outsider like Carrier CEO Dave Gitlin, who knows aerospace and ran UTC Collins Aerospace. Gitlin's record at Carrier is outstanding.
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Gitlin would need a strong manufacturing specialist as second-in-command, probably former Boeing executive Pat Shanahan, who repaired the 787.
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Gitlin brings potential drawbacks - short tenure on Boeing's board and $150M to exit Carrier. The next CEO will face intense scrutiny.
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Boeing may move headquarters back to Seattle. Some joke "don't hire another GE exec" after string of 3 GE-bred CEOs.