Boeing CEO Dave Calhoun speaks to reporters as he leaves a meeting in the office of Sen. Mark Warner (D-VA) on Capitol Hill in Washington, D.C., Jan. 24, 2024.
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boeing company Chief Executive Dave Calhoun will step down at the end of 2024 as part of a broad management shakeup at the troubled aerospace giant.
Chairman Larry Kellner is also resigning and will leave the board at Boeing’s annual meeting in May. He has been replaced as chairman by Steve Mollenkopf, who has been a Boeing director since 2020.
Boeing Commercial Airplanes President and CEO Stan Deal will leave the company effective immediately. The successor is Stephanie Pope, who previously ran Boeing Global Services and most recently became Boeing’s chief operating officer.
Airlines and regulators are increasingly calling on Boeing to make major changes after a series of quality and manufacturing defects in its planes. Scrutiny intensified after an incident on January 5, when a door jam burst on a nearly new Boeing 737 Max 9 aircraft just minutes after takeoff. Alaska Airlines flight.
“As we all know, the accident of Alaska Airlines Flight 1282 was a watershed moment for Boeing,” Calhoun wrote in a letter to employees on Monday. “We must continue to respond to this accident with humility and complete transparency. We must also A total commitment to safety and quality is instilled at every level of the company.
“The eyes of the world are on us, and I know that we will emerge from this moment a better company based on all the experience we have gained over the past few years working together to rebuild Boeing,” he wrote.
Last week, airline chief executives began scheduling meetings with Boeing directors to express their dissatisfaction with a lack of manufacturing quality controls and lower-than-expected production of the 737 Max aircraft. Kellner and one or more other board members attended the meeting.
Calhoun has promised investors, airline customers and the public for months that Boeing would get its myriad quality problems under control.
Calhoun was appointed to the top job in late 2019 and took over Boeing in early 2020 after the company ousted former CEO Dennis Muilenburg over his handling of two fatal 737 Max crashes.
Boeing shares rose more than 3% in premarket trading on Monday after Calhoun announced the news.
This is breaking news. Please check back for updates.
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