Boeing CEO Dave Calhoun to resign by the end of the year

Boeing CEO Stepping Down Amid 737 Max Crisis; Management Changes Announced in Effort to Rebuild Company’s Reputation

Boeing CEO Dave Calhoun has announced that he will be stepping down at the end of 2024 as the company continues to deal with the aftermath of the 737 Max crisis. In a letter to employees on Monday, Calhoun addressed a 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.

Boeing has also announced restructuring of its management team in an effort to improve its reputation. Independent Board Chair Larry Kellner will resign, with Steve Mollenkopf set to take his place. Mollenkopf will lead the process of selecting Boeing’s next chief executive. Additionally, Stan Deal, who was head of Boeing Commercial Airplanes (BCA), has stepped down immediately and will be replaced by Stephanie Pope, who has been serving as chief operating officer and overseen performance of Boeing’s business units including BCA, Boeing Defense, Space & Security, and Boeing Global Services.

The management changes come as Boeing faces pressure from regulators to address quality issues discovered in an audit of 737 Max manufacturing processes. 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.

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