Boeing (BA) - Get Report will establish a permanent safety committee led by a retired admiral as the company looks to rehab its image amid the fallout from the crashes of two of its 737 MAX planes over the past 12 months.
The new Aerospace Safety Committee will be led by retired Adm. Edmund Giambastiani Jr, former vice chairman of the Joint Chief's of Staff and Boeing director since 2009.
Giambastiani will lead a three-person committee that will include Boeing directors Lynn Good, chairman and CEO of Duke Energy, and Lawrence Kellner, president of Emerald Creek Group and former CEO of Continental Airlines.
After a five-month review, the company's board recommended changes for Boeing, including the creation of the safety committee, streamlining engineering oversight, and enhancing its operation safety program, among other recommendations.
"Design assumptions have evolved over time, and the company should ensure flight deck designs continue to anticipate the needs of the changing demographics and future pilot populations," the board said.
The company reported getting just six new airplane orders in August while delivering 18 planes in the month. A year ago, the company reported 99 orders in August.
Boeing shares rose 0.56% to $383.68 Wednesday.