New Boeing CEO is no stranger to corporate crises

The person now in charge of steering Boeing through its 737 MAX troubles is no stranger to crises.

Newly-appointed Chief Executive David Calhoun's career includes a stint at General Electric as head of a division that included jet engines right after the September 11 attacks.

And later he became chairman of the Caterpillar board shortly after federal agents raided its headquarters in 2017.

Experience that's led some to believe - like former GE CEO Jeff Immelt - that he's the right man for the job.

... as Boeing struggles to recover after two deadly crashes led to the grounding of its best-selling 737 MAX.

Calhoun has spent a decade on Boeing's board and was named chairman in October

He'll take the CEO job over from Dennis Muilenburg, who was ousted this week.

Now, Calhoun must repair strained relations with regulators, customers and suppliers.

And manage a cash squeeze from what is widely seen as the worst crisis in Boeing's more than 100-year history.