Boeing Lobbyist - Tim Keating, who Helped Company Through 737 MAX Crisis Quits
Boeing announced on Monday that its veteran lobbyist and political strategist - Tim Keating, who helped navigate the company through its crisis of fatal 737 MAX crashes, has left his post.
The planemaker came under intense scrutiny from lawmakers and regulators following fatal crashes of its 737 MAX jetliners in 2018 and 2019. This threw the company into a huge crisis, which was further worsened by the coronavirus pandemic.
Keating had played a critical role in Boeing's effort to manage a series of crises, including the 737 MAX saga, the loss of a major defense contract, and the revenue issues caused by COVID-19.
"Keating might not have stayed at Boeing as long as he did except out of a sense of responsibility because the company was in dire straits”, Loren Thompson - a defense consultant with close ties to Boeing commented.
An internal memo from CEO - Dave Calhoun to government operations employees, as well as to the media, confirmed Keating's departure, but did not shine light on the reasons for his leaving.
Marc Allen - Boeing's chief strategy officer, will take over Keating's role until a permanent replacement is found.
*The products advertised are only available to clients under Fondex Limited (SDL No: SD037). Trading CFDs involves significant risk of loss.