The 30-year Boeing veteran helped guide the company through the twin crises of the 737 Max grounding and the coronavirus pandemic.
U.S. prosecutors alleged two senior Boeing pilots deceived the Federal Aviation Administration into certifying the aircraft as airworthy.
The company is battling reduced demand amid the COVID-19 pandemic, with commercial aircraft sales down 56% in Q3.
The Brazilian aviation firm has begun an arbitration process, claiming Boeing manufactured false claims to terminate the deal.
"GE’s restructuring remains very much a work-in-progress, with some signs that [CEO Larry] Culp’s turnaround is taking hold."
The ratings agencies lowered Boeing's outlook to negative due to concerns over the financial fallout from the grounding of the 737 MAX planes.
