Boeing CEO Dave Calhoun plans to step down at the end of the year. He was hired in 2020 to turn around the company, which had been trying to overcome issues stemming from the 737 Max.
Boeing CEO Dave Calhoun is stepping down at the end of 2024 as the aerospace giant grapples with fallout stemming from the 737 Max crisis. Calhoun, who was tapped to turn around the company in 2020, will "lead Boeing through the year to complete the critical work underway to stabilize and position the company for the future," the company said in a statement Monday.
Aside from Calhoun's departure, Boeing announced an overhaul of its management team as it tries to turn around its reputation. Boeing Commercial Airplanes chief Stan Deal will also step down, effective immediately. Deal is being replaced by Stephanie Pope, who has been serving as the chief operating officer. Pope was in charge of overseeing the performance of Boeing’s three business units – Boeing Commercial Airplanes, Boeing Defense, Space & Security and Boeing Global Services.
Independent Board Chair Larry Kellner also announced plans to resign. He will be replaced by Steve Mollenkopf, who has been a Boeing director since 2020 and will be in charge of leading the process of selecting Boeing's next chief executive. In a Monday letter to employees, Calhoun said the Jan. 5 incident where a door plug blew off Alaska Airlines Flight 1282 at 16,000 feet "was a watershed moment for Boeing.
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Boeing CEO Dave Calhoun and slew of executives to step down amid safety crisisPatrick Smith is a London-based editor and reporter for NBC News Digital.
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