June 16, 2024

Boeing CEO Steps Down Amid Series of Setbacks; Independent President to Lead Search for Next Chief

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Boeing CEO Dave Calhoun to step down following new safety concerns

Boeing CEO Dave Calhoun is stepping down from his position at the end of the year after a series of setbacks for the aircraft manufacturer. The chairman of the board, Larry Kellner, also announced that he does not plan to run for re-election during the next shareholders’ meeting. Steve Mollenkopf will take over from Kellener as independent president and lead the process of selecting the next CEO.

In January, Boeing faced criticism when a 737-9 (MAX) aircraft owned by Alaska Airlines experienced a fuselage issue during flight. This incident led to the grounding of all Boeing 737-9 (MAX) planes in the US until further safety measures were put in place.

In a letter to employees, Calhoun acknowledged the challenges faced by Boeing and emphasized the importance of transparency and a commitment to safety and quality throughout the company. While he did not directly attribute his departure to the Alaska incident, Calhoun expressed his confidence in Boeing’s ability to recover and stabilize without him as CEO.

Calhoun mentioned that discussions about a CEO transition have been ongoing for some time and believes that his tenure will come to an end once the necessary work has been completed to address the issues at hand. Despite

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