Boeing Faces Senate Grilling as CEO Search Gains Momentum (1)

As crisis has engulfed Boeing Co. following the near-catastrophic accident on an airborne 737 Max 9 aircraft, Chief Executive Officer Dave Calhoun has kept an increasingly low profile.

Now he faces a very public grilling from US senators accusing Boeing of putting profit before safety. A hearing on Tuesday will put the CEO on the spot to defend his record and salvage his legacy as he prepares to step down later this year.

Investors who have endured a 32% stock slump this year and watched Boeing’s credit rating come dangerously close to junk status have already shifted their focus to ...