Major Leadership Changes at Boeing as CEO Dave Calhoun Announces Departure

Source: CNN – New York

Boeing, the aerospace giant, is undergoing a significant leadership shakeup as CEO Dave Calhoun has announced his intention to leave the company by the end of the year. This decision comes amidst a challenging period for Boeing, marked by ongoing issues with its aircraft.

Alongside Calhoun’s departure, Boeing’s chairman Larry Kellner will not be seeking re-Election as a board director. The board has appointed former Qualcomm CEO, Steve Mollenkopf, to succeed Kellner. Additionally, Stan Deal, CEO of Boeing Commercial Airplanes, is retiring, with Stephanie Pope set to take his place as Boeing’s chief operating officer.

Boeing has been grappling with a series of crises over the past few years, including the tragic crashes of the 737 Max in 2018 and 2019, as well as recent safety incidents like the door plug incident on an Alaska Airlines 737 Max. These events have led to substantial financial losses for the company and multiple groundings of its aircraft.

Calhoun addressed Boeing employees in a letter, calling the Alaska Airlines incident a “watershed moment” for the company. He emphasized the need to address the issues facing Boeing and to steer the company towards recovery and stability.

Calhoun, who took over as CEO in January 2020, has faced significant challenges during his tenure, including the prolonged grounding of the 737 Max and the impact of the COVID-19 pandemic on the aviation industry.

This is a developing story and will be updated as more information becomes available.

Historic Background: Boeing, a renowned American aerospace company, has been a prominent figure in the aviation industry for decades. With a history dating back to 1916, Boeing has played a crucial role in shaping the landscape of commercial and military aviation. The company’s aircraft, such as the iconic 747 and 737 models, have become staples in the aviation market, serving airlines and passengers around the world.