Boeing CEO’s Departure Marks New Chapter for Company Amid 737 Max Crisis

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

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 his letter to employees, Calhoun described this as a “watershed moment” for Boeing and emphasized the company’s commitment to safety, quality, and transparency.

In addition to Calhoun’s departure, Boeing has announced a restructuring of its management team in an effort to improve its reputation. Stan Deal, the head of Boeing Commercial Airplanes (BCA), will also be stepping down immediately. Stephanie Pope, who has been serving as the chief operating officer, will replace Deal. Pope has been overseeing the performance of Boeing’s business units, including Boeing Commercial Airplanes, Boeing Defense, Space & Security, and Boeing Global Services.

Independent Board Chair Larry Kellner has also announced plans to resign, with Steve Mollenkopf, a Boeing director since 2020, set to take his place. Mollenkopf will lead the process of selecting Boeing’s next chief executive.

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.

Sophia Reynolds

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