• Fri. May 24th, 2024

Boeing CEOs Depart Amid Ongoing Challenges, Board Director and Commercial Airplane Head Step Down

BySamantha Jones

Mar 25, 2024
Boeing’s CEO Dave Calhoun to Resign

Boeing CEO, Dave Calhoun, announced a major shakeup of the company’s leadership on Monday. Along with Calhoun, the company’s chairman and head of the commercial airplane unit are also departing. Larry Kellner, Boeing’s chairman, will not stand for re-election as a board director, and Steve Mollenkopf, former Qualcomm CEO, will succeed him. In addition, Stan Deal, CEO of Boeing Commercial Airplanes, is retiring, and Stephanie Pope, Boeing’s current chief operating officer, will take his place immediately.

Boeing has faced significant challenges over the last five years. The fatal crashes of the 737 Max in 2018 and 2019 and the recent incident involving an Alaska Airlines 737 Max in January have led to safety groundings and over $31 billion in cumulative losses. These problems have greatly impacted air travel and Boeing’s financial stability. In a letter to Boeing employees, Calhoun referred to the Alaska Airlines incident as “a watershed moment,” emphasizing the need to fix what isn’t working and get the company back on track.

Calhoun became chairman in late 2019 after his predecessor was ousted amidst a 20-month grounding of the 737 Max and the onset of the COVID-19 pandemic which greatly impacted air travel and Boeing’s financial stability. The story is still developing and will be updated as new information becomes available.

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.

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