• Fri. Jun 14th, 2024

Boeing CEO Steps Down as Company Faces Pressure over 737 Max Crisis and Regulatory Scrutiny

BySamantha Jones

Mar 25, 2024
Boeing CEO Dave Calhoun to resign by the end of the year

Boeing CEO Dave Calhoun has announced that he will be stepping down at the end of 2024 as the company deals with the aftermath of the 737 Max crisis. Calhoun, who was appointed to lead the company in 2020, will guide Boeing through a year of crucial work to stabilize and position the company for the future.

Independent Board Chair Larry Kellner has also announced plans to resign, with Steve Mollenkopf, a Boeing director since 2020, set to take his place. Mollenkopf will lead the process of selecting Boeing’s next chief executive.

In addition to Calhoun’s departure, Boeing has announced a restructuring of its management team in an effort to improve its reputation. Stan Deal, the head of Boeing Commercial Airplanes (BCA), will also be stepping down immediately. Stephanie Pope, who has been serving as the chief operating officer, will replace Deal. Pope has been overseeing the performance of Boeing’s business units, including Boeing Commercial Airplanes, Boeing Defense, Space & Security, and Boeing Global Services.

The management changes come as Boeing faces pressure from regulators to address quality issues discovered in an audit of 737 Max manufacturing processes. Calhoun expressed confidence that Boeing would emerge from this challenging period as a stronger company, building on the lessons learned in rebuilding the company over the past few years.

In a letter to employees on Monday, Calhoun addressed a recent incident involving Alaska Airlines Flight 1282 where a door plug blew off at 16,000 feet. Calhoun described this as “a watershed moment” for Boeing and emphasized the company’s commitment to safety, quality and transparency.”

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

Leave a Reply