Last Updated: 8:15AM EST
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Boeing (NYSE:BA), the aerospace company, has confirmed the appointment of Stephanie Pope as the company’s EVP and COO. This is a newly created position, and effective from January 1, 2024, Pope will report to Boeing’s President and CEO, Dave Calhoun.
As COO, Pope will lead the company’s three business units, overseeing supply chain, quality, manufacturing, and engineering. The units’ CEOs, Boeing’s Chief Engineer, and Boeing’s Global President will report to Pope. In contrast, senior corporate leaders will still report to Calhoun.
First published: 6:30AM EST
Boeing (NYSE:BA) could appoint Stephanie Pope, the current CEO of the company’s Global Services business, as its next Chief Operating Officer (COO), according to a Wall Street Journal report. The report stated that an announcement could be made as soon as today. Stephanie Pope has been with Boeing since 1994, according to her LinkedIn profile.
Pope’s promotion could be significant as she could one day be the CEO of Boeing. This is because the company’s current CEO, David Calhoun, currently aged 66, faces a mandatory retirement at the age of 70.
Is Boeing Stock Expected to Go Up?
Analysts remain bullish about BA stock with a Strong Buy consensus rating based on 16 Buys and three Holds. Year-to-date, Boeing stock has surged by more than 20%, and the average BA price target of $255.74 implies an upside potential of 4.5% at current levels.
