The Boeing CEO Steps Down Following a Series of Incidents

Boeing CEO Dave Calhoun Announces Resignation: Restoring Confidence Amid Technical Issues and Delays

Boeing CEO Dave Calhoun announced that he will step down at the end of the year. Calhoun will lead the company through the remainder of 2021 to stabilize it and prepare it for the future. A successor has not yet been named.

The American aircraft manufacturer has faced several challenges in recent months, including technical issues with its aircraft and delays in deliveries. The company is under pressure to improve quality and safety. Other top executives at Boeing are also leaving, with a new CEO appointed for the commercial aircraft department and a new chairman taking over.

Calhoun mentioned in a letter to employees that he and the departing chairman Larry Kellner had been planning the transition for some time. He was appointed as CEO in 2020 to restore confidence in Boeing after two fatal plane crashes in 2018 and 2019. The company faced a worldwide flight ban for the 737 MAX following the crashes.

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 the necessary tasks have been accomplished to ensure the company’s success.

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