Boeing CEO and President Dave Calhoun will step down from his position as CEO.
“President and CEO Dave Calhoun today announced his decision to step down as CEO at the end of 2024, and he will continue to lead Boeing through the year to complete the critical work underway to stabilize and position the company for the future,” Boeing said in a statement.
“CEO Dave Calhoun confirmed he was leaving the company in a statement, along with Stan Deal, the CEO and president of Boeing Commercial Airplanes and Chairman Larry Kellner,” NBC News reports.
The company has faced severe scrutiny since the early January Alaska Airlines incident where a door panel blew out mid-flight.
The jetliner manufacturer has experienced numerous incidents throughout 2024.
Get woke, get fired
*BOEING DAVE CALHOUN ANNOUNCES INTENT TO STEP DOWN AS CEO
— zerohedge (@zerohedge) March 25, 2024
BREAKING: Boeing CEO Dave Calhoun will step down at the end of 2024. pic.twitter.com/PC78biHVHg
— The General (@GeneralMCNews) March 25, 2024
NBC News reports:
The company has been mired in a succession of negative stories since a door panel blew out on a Boeing 737 Max plane flown by Alaska Airlines in January.
Despite Boeing announcing a range of measures to improve safety and committing to working with federal investigators, some passengers have spoken of feeling nervous climbing on board its aircraft.
JUST IN: Boeing CEO Dave Calhoun will step down at the end of the year, the company says.
Read more: pic.twitter.com/S9cB8vKpOS
— ABC News (@ABC) March 25, 2024
Breaking News: Boeing’s CEO, David Calhoun, will step down at the end of 2024, as part of a broader shake-up amid the company’s most significant safety crisis in years.
— The New York Times (@nytimes) March 25, 2024
Per CNN:
The chairman, Larry Kellner, will not stand for re-election to the board. The board has elected board member Steve Mollenkopf to succeed him. Stan Deal, CEO of Boeing Commercial Airplanes, is retiring and Stephanie Pope, chief operating officer of that unit, is taking his place effective immediately.
Boeing has been buffeted by more than five years of problems with its airplanes, including two fatal crashes of the 737 Max in 2018 and 2019 that killed 346 people, and most recently a door plug that blew out of the side of an Alaska Airlines 737 Max in January, leaving a gaping hole in the side of the plane. The problems have led to multiple groundings for safety issues and more than $31 billion in cumulative losses.
This story is developing.
