Boeing Co said that another high-ranking executive working on the company’s response to the 737 MAX crisis is to step down.
Michael Luttig, 65, is to retire at the end of the year, Boeing said in a statement on Thursday, three days after the planemaker announced the departure of Dennis Muilenburg as chief executive officer.
Luttig, the company’s former general counsel, was reassigned in May to advise Muilenburg and the board of directors on legal matters related to two deadly MAX crashes.
Luttig’s departure adds to the management turmoil at Boeing as the nine-month grounding of the firm’s best-selling jet drags on.
David Calhoun, a board member who took over as chairman in October, is to replace Muilenburg on Jan. 13.
Chief financial officer Greg Smith is serving as interim CEO.
Boeing is under increased pressure in Washington after disclosing a new batch of internal communications about the MAX’s development to the US Federal Aviation Administration on Monday. That was the same day Muilenburg stepped down.
The messages between Boeing employees paint a “very disturbing picture,” according to an aide to the US House of Representatives Committee on Transportation and Infrastructure.
At least some of the messages were written by the same Boeing pilot whose 2016 communications became the subject of sharp questioning by lawmakers in October, Bloomberg News reported earlier this week.
The documents have not been released publicly. The staff of the House committee are still reviewing the messages and did not provide detailed descriptions of what they contain.
“Similar to other records previously disclosed by Boeing, the records appear to point to a very disturbing picture of both concerns expressed by Boeing employees about the company’s commitment to safety and efforts by some employees to ensure Boeing’s production plans were not diverted by regulators or others,” a committee aide said in a statement.
Boeing earlier this week said that “the tone and content of some of these communications does not reflect the company we are and need to be.”
Luttig had served as a judge in federal appeals court before joining Chicago-based Boeing in 2006. Executives at the company have typically retired at 65.
The demise of the coal industry left the US’ Appalachian region in tatters, with lost jobs, spoiled water and countless kilometers of abandoned underground mines. Now entrepreneurs are eyeing the rural region with ambitious visions to rebuild its economy by converting old mines into solar power systems and data centers that could help fuel the increasing power demands of the artificial intelligence (AI) boom. One such project is underway by a non-profit team calling itself Energy DELTA (Discovery, Education, Learning and Technology Accelerator) Lab, which is looking to develop energy sources on about 26,305 hectares of old coal land in
Taiwan’s exports soared 56 percent year-on-year to an all-time high of US$64.05 billion last month, propelled by surging global demand for artificial intelligence (AI), high-performance computing and cloud service infrastructure, the Ministry of Finance said yesterday. Department of Statistics Director-General Beatrice Tsai (蔡美娜) called the figure an unexpected upside surprise, citing a wave of technology orders from overseas customers alongside the usual year-end shopping season for technology products. Growth is likely to remain strong this month, she said, projecting a 40 percent to 45 percent expansion on an annual basis. The outperformance could prompt the Directorate-General of Budget, Accounting and
Netflix on Friday faced fierce criticism over its blockbuster deal to acquire Warner Bros Discovery. The streaming giant is already viewed as a pariah in some Hollywood circles, largely due to its reluctance to release content in theaters and its disruption of traditional industry practices. As Netflix emerged as the likely winning bidder for Warner Bros — the studio behind Casablanca, the Harry Potter movies and Friends — Hollywood’s elite launched an aggressive campaign against the acquisition. Titanic director James Cameron called the buyout a “disaster,” while a group of prominent producers are lobbying US Congress to oppose the deal,
Two Chinese chipmakers are attracting strong retail investor demand, buoyed by industry peer Moore Threads Technology Co’s (摩爾線程) stellar debut. The retail portion of MetaX Integrated Circuits (Shanghai) Co’s (上海沐曦) upcoming initial public offering (IPO) was 2,986 times oversubscribed on Friday, according to a filing. Meanwhile, Beijing Onmicro Electronics Co (北京昂瑞微), which makes radio frequency chips, was 2,899 times oversubscribed on Friday, its filing showed. The bids coincided with Moore Threads’ trading debut, which surged 425 percent on Friday after raising 8 billion yuan (US$1.13 billion) on bets that the company could emerge as a viable local competitor to Nvidia