• Thu. Jun 6th, 2024

After numerous incidents, Boeing CEO steps down

Byeditor

Mar 25, 2024

Boeing CEO Dave Calhoun will step down at the end of the year, the company announced on Monday. Calhoun will continue to lead Boeing through the end of the year to stabilize the company and prepare it for the future. His successor has not yet been named. Boeing has faced several challenges in recent months, including technical issues with its aircraft and delays in deliveries.

In addition to Calhoun, other top executives at Boeing are also departing. Stan Deal, the CEO of Boeing’s commercial aircraft division, is retiring and will be replaced by Stephanie Pope. Larry Kellner, the chairman of Boeing, is also stepping down and will be succeeded by Steve Mollenkopf. The reasons for these leadership changes are not clear, but Calhoun mentioned in a letter to employees that he and Kellner had been planning the transition for some time.

Calhoun was appointed CEO in 2020 to restore confidence in Boeing after two plane crashes in 2018 and 2019. Following the crashes, the 737 MAX was grounded globally. The recent incidents with technical defects have added to Boeing’s challenges. Calhoun emphasized the need for transparency and humility in addressing these issues.

Boeing’s stock rose about 1 percent following the announcement of the leadership changes. The company is under pressure to improve its quality and safety standards amidst ongoing challenges. Calhoun’s departure marks a significant transition for Boeing, and the company will need to navigate these changes carefully to regain trust and stability.

By editor

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