May 21, 2024 1:45 pm
The Boeing CEO Steps Down Following a Series of Incidents

Boeing CEO Dave Calhoun will step down at the end of the year, according to an announcement made by the American aircraft manufacturer on Monday. The company is facing several challenges in recent months, including technical issues with its aircraft and delays in deliveries. The reasons for the leadership changes are not specified, but Calhoun mentioned in a letter to employees that he and the departing chairman Larry Kellner had been planning the transition for some time.

Boeing has been under pressure to improve quality and safety following two fatal plane crashes in 2018 and 2019. The company faced a worldwide flight ban for the 737 MAX following these incidents. Shortly after the announcement, Boeing’s stock rose by about 1 percent.

Calhoun emphasized the challenges Boeing is facing and the importance of being transparent and humble in addressing them. He stated that his work at Boeing will only be complete when necessary tasks have been accomplished to ensure the company’s success. Other top executives at Boeing are also leaving, with a new CEO appointed for the commercial aircraft department and a new chairman taking over.

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