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Boeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shake-up for the embattled aerospace giant.
Larry Kellner, chairman of the board, is also resigning and will not stand for reelection at Boeing’s annual meeting in May. He will be succeeded as chair by Steve Mollenkopf, who has been a Boeing director since 2020 and will lead the board in picking a new CEO, Boeing said.
And Stan Deal, president and CEO of Boeing Commercial Airplanes, is leaving the company effective immediately. Moving into his job is Stephanie Pope, who recently became Boeing’s chief operating officer after previously running Boeing Global Services.
The leadership shakeups all come amid a number of quality and manufacturing flaws found recently on Boeing planes, which have resulted in some alarming in-flight incidents.
Calhoun confirmed he is stepping down in a CNBC interview Monday morning, and said it was entirely his decision.
Boeing CEO Dave Calhoun to step down; board chair and commercial airplane head replaced in wake of 737 Max crisis https://t.co/ueFoRG7iwk
— CNBC (@CNBC) March 25, 2024
★ BREAKING: Boeing plane loses external panel mid-flight, with 145 people on board [PHOTO]
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