We have been consistently critical of Boeing’s (tkr: BA), Board of Directors and CEO David Calhoun (links to those articles below). Should Boeing’s Board decide to replace Mr. Calhoun (it ought to replace itself first), we recommend that the Board look to the IT Services industry for a replacement CEO. The airplane design and manufacture process is essentially a large scale technology project. Recruiting a senior operating executive from a high-performing IT Services firm such as Accenture (tkr: ACN), would make more sense than promoting from within given Boeing has a broken culture. There is precedent. I recall construction companies in India recruiting Project Managers from IT Services firms when large cities such as Bangalore were rapidly scaling during the 2000-2008 timeframe.
Previous Boeing articles: