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THE BOEING COMPANY

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Boeing : communication chief to retire before end of 2019

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11/22/2019 | 02:47pm EDT

Amid the company's ongoing struggle to return its 737 Max fleet to the skies, Boeing said Friday its communications chief will leave her post.

Senior Vice President of Communications Ann Toulouse will retire before the end of the year, the company announced.

Toulouse, 61, leaves at a time when Boeing is struggling to regain flyers' faith as it tries to win regulatory approval for a software fix that would return the 737 Max to service.

Toulouse rose to her post on an interim basis last year and the job became permanent a month before the Max fleet was grounded worldwide in March. She reported directly to President and CEO Dennis Muilenburg and also served on Boeing's executive council.

"This past year has been all-consuming and profoundly difficult for all of us at Boeing -- albeit nowhere close to the experience of the families affected by the Max accidents," she said in a statement.

Toulouse will be the second high-ranking female executive to leave the company since the planes were pulled from service. She said the lessons learned from the crashes and getting the plane back in the air will make Boeing a better and safer company.

"As we move into that next phase, I can best serve the company by turning over the role to someone with a fresh perspective," she said.

Boeing said it will name a successor soon.

Copyright 2019 United Press International, Inc. (UPI). Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent., source US Top News


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Financials (USD)
Sales 2020 60 583 M - -
Net income 2020 -4 426 M - -
Net Debt 2020 36 307 M - -
P/E ratio 2020 -21,5x
Yield 2020 0,64%
Capitalization 94 325 M 94 325 M -
EV / Sales 2020 2,16x
EV / Sales 2021 1,55x
Nbr of Employees 161 100
Free-Float 55,7%
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Mean consensus HOLD
Number of Analysts 24
Average target price 189,32 $
Last Close Price 167,11 $
Spread / Highest target 58,0%
Spread / Average Target 13,3%
Spread / Lowest Target -25,2%
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NameTitle
David L. Calhoun President, Chief Executive Officer & Director
Lawrence W. Kellner Non-Executive Chairman
Jenette E. Ramos Senior Vice President-Supply Chain & Operations
Gregory D. Smith CFO & Executive VP-Enterprise Operations
Theodore Colbert Executive Vice President
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