Spirit AeroSystems CFO to depart amid cash flow struggles, Boeing talks [CNBC]
Geo Group Inc (The) REIT (GEO)
Last geo group inc (the) reit earnings: 4/30 06:55 am
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Source: CNBC
Suchinski, a longtime Spirit executive, will be replaced immediately by board member and former Time Warner Cable executive Irene Esteves. He will remain with the Wichita, Kansas-based company for a transition period. ?(Esteves') extensive experience and her remarkable instincts and financial acumen will be invaluable,” Spirit CEO Patrick Shanahan said in a statement. Suchinski's departure comes during a critical time for Spirit, which faces intense scrutiny from investors and regulators following a January accident where a cabin panel blew out mid-air on a Boeing 737 Max 9 jet, the fuselage for which was made by Spirit Since the accident, Boeing has slowed production of 737 Max jets and ended the practice of travelled work — the practice of completing work on a production line outside the ordinary sequence — increasing costs at Spirit and prompting it to consider a capital raise Spirit, which has not reported an annual profit since 2020, posted a quarterly net loss of $617 m
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