Boeing CEO, Dave Calhoun, Announces Major Shakeup in Company Leadership Amidst Ongoing Challenges

Boeing’s CEO Dave Calhoun to Resign

Boeing CEO, Dave Calhoun, announced a major shakeup of the company’s leadership on Monday. In a letter to Boeing employees, Calhoun announced his intention to leave the company by the end of the year. Along with Calhoun, Boeing’s chairman and head of the commercial airplane unit are also departing.

Boeing has faced significant challenges over the last five years, including fatal crashes of the 737 Max in 2018 and 2019 and the recent incident involving an Alaska Airlines 737 Max in January. These problems have led to safety groundings and over $31 billion in cumulative losses. In a letter to Boeing employees, Calhoun referred to the Alaska Airlines incident as “a watershed moment,” emphasizing the need to fix what isn’t working and get the company back on track.

Calhoun’s tenure began amidst a 20-month grounding of the 737 Max and the onset of the COVID-19 pandemic, which greatly impacted air travel and Boeing’s financial stability. Larry Kellner, Boeing’s chairman, will not stand for re-election as a board director, and Steve Mollenkopf, former Qualcomm CEO, will succeed him. In addition, Stan Deal, CEO of Boeing Commercial Airplanes, is retiring, and Stephanie Pope, Boeing’s current chief operating officer, will take his place immediately.

The story is still developing and will be updated as new information becomes available.

Sophia Reynolds

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