Boeing CEO Dave Calhoun has announced his resignation, effective by the end of 2024, as the company navigates through the turbulence of the 737 Max crisis and a sweeping management shakeup. This change in leadership comes at a critical juncture for Boeing, which has been under the microscope for its handling of a series of safety concerns and manufacturing issues.
Calhoun’s impending departure was paralleled by the immediate exit of Stan Deal, President and CEO of Boeing Commercial Airplanes, and the upcoming resignation of Chairman Larry Kellner. In a bold move, Stephanie Pope, who rose through the ranks to become Boeing’s chief operating officer, is now slated to succeed Deal. Additionally, Steve Mollenkopf, who became a seasoned Boeing director in 2020 and brought experience as Qualcomm’s former CEO, has been appointed the new board chair.
This management upheaval arrives on the heels of a January incident where a door plug from a Boeing 737 Max 9 aircraft operated by Alaska Airlines blew out, raising fresh concerns over Boeing’s quality control. The company has since faced increasing pressure from both regulators and airline customers.
Steve Mollenkopf expressed his readiness to lead the board through these trying times, stating, “I am honored and humbled to step into this new role,” and reiterated the company’s staunch commitment to safety and quality standards.
Relevant articles:
– Boeing CEO Dave Calhoun to step down; board chair and commercial airplane head replaced in wake of 737 Max crisis
– Boeing CEO Dave Calhoun to step down by year-end amid 737 Max crisis, Economy Middle East, Mon, 25 Mar 2024 13:22:00 GMT
– Boeing CEO Dave Calhoun to step down in management shakeup amid safety crisis, The Economic Times, Mon, 25 Mar 2024 12:16:50 GMT
– Boeing CEO Dave Calhoun To Resign In 2024: ‘Eyes Of The World Are On Us’ (UPDATED) – Qualcomm (NASDAQ:QCOM), Boeing (NYSE:BA), Benzinga, Mon, 25 Mar 2024 13:02:00 GMT