May 21, 2024 2:18 pm
Boeing CEO Dave Calhoun to resign by the end of the year

Boeing CEO Dave Calhoun has announced that he will be stepping down at the end of 2024 as the company deals with the aftermath of the 737 Max crisis. Calhoun, who was appointed to lead the company in 2020, will guide Boeing through a year of crucial work to stabilize and position the company for the future.

Independent Board Chair Larry Kellner has also announced plans to resign, with Steve Mollenkopf, a Boeing director since 2020, set to take his place. Mollenkopf will lead the process of selecting Boeing’s next chief executive.

In a letter to employees on Monday, Calhoun addressed the recent incident involving Alaska Airlines Flight 1282, where a door plug blew off at 16,000 feet. Calhoun described this as a “watershed moment” for Boeing and emphasized the company’s commitment to safety, quality, and transparency. The management changes come as Boeing faces pressure from regulators to address quality issues discovered in an audit of 737 Max manufacturing processes.

Stan Deal, the head of Boeing Commercial Airplanes (BCA), will also be stepping down immediately. Stephanie Pope, who has been serving as the chief operating officer, will replace Deal. Pope has been overseeing the performance of Boeing’s business units, including Boeing Commercial Airplanes, Boeing Defense, Space & Security, and Boeing Global Services.

Calhoun expressed confidence that Boeing would emerge from this challenging period as a stronger company, building on the lessons learned in rebuilding the company over the past few years. With these changes in place and a renewed focus on safety and quality, it is clear that Boeing is committed to putting its customers first and reestablishing itself as a leader in

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