Boeing CEO, Many Other Top Execs To Step Down in Leadership Shakeup at Embattled Plane Maker
Boeing announced a major leadership overhaul Monday, with CEO Dave Calhoun set to step down at the end of 2024 amid mounting pressure from airlines and regulators over quality and manufacturing issues. Chairman Larry Kellner will also resign and depart the board at Boeing's annual meeting in May, the company said. He will be replaced as chair by Steve Mollenkopf, a Boeing director since 2020. Stan Deal, president and CEO of Boeing Commercial Airplanes, is leaving the company effective immediately. Stephanie Pope, who recently became Boeing's Chief Operating Officer after leading Boeing Global Services, will take over Deal's role.
The shakeup comes as the aerospace giant faces increasing scrutiny following a series of production flaws and a recent incident involving a nearly new Boeing 737 Max 9, where a door plug blew out minutes into an Alaska Airlines flight on Jan. 5. Airlines and regulators have been calling for significant changes at Boeing to address these issues and restore confidence in the company's products. The leadership changes appear to be a response to these growing concerns.
