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GE Aerospace's Larry Culp declined Boeing's request to take over as CEO, WSJ reports
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GE Aerospace's Larry Culp declined Boeing's request to take over as CEO, WSJ reports
Jun 17, 2024 12:45 PM

June 17 (Reuters) - GE Aerospace CEO Larry Culp

has declined Boeing's ( BA ) request to consider taking over as

the U.S. planemaker's top boss, the Wall Street Journal reported

on Monday.

Boeing ( BA ) and GE Aerospace did not immediately respond to

Reuters' requests for comment.

Culp on several occasions had said he was not interested in

the job. In April, Culp told Reuters he can best serve Boeing ( BA ) by

being its best supplier.

The U.S. planemaker has had to navigate safety concerns

after it came under scrutiny following a mid-air cabin panel

blowout in an Alaska Airlines-operated MAX 9 jet

carrying 171 passengers this year and prior accidents involving

the same family of jets.

The U.S. Federal Aviation Administration has barred Boeing ( BA )

from expanding production of its cash-cow 737 MAX family of jets

without estimating how long the limitation will last. The

restriction followed a series of separate quality issues that

pressured deliveries last year.

Boeing ( BA ) is also investigating a new quality problem with its

787 Dreamliner after discovering that hundreds of fasteners have

been incorrectly installed on the fuselages of some undelivered

jets, Reuters reported last week.

The Arlington, Virginia-based company had said in March Dave

Calhoun would step down as CEO by the end of 2024.

Board chair Larry Kellner and Stan Deal, head of the

company's commercial planes business, were also set to leave.

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