• Tue. May 28th, 2024

Boeing CEO Dave Calhoun Steps Down Amid Ongoing Challenges and Scandals

BySamantha Nguyen

Mar 25, 2024
Boeing CEO Dave Calhoun to Step Down Following Recent Safety Incidents

Boeing CEO Dave Calhoun will be stepping down from his position at the end of the year, as announced by the company. The chairman of the board, Larry Kellner, also stated that he does not plan to run for re-election at the next shareholders meeting. Steve Mollenkopf will be taking over as the independent president and will lead the process of selecting the next CEO.

The decision comes after a series of setbacks at Boeing, including an investigation by the Federal Aviation Administration into a 737-9 (MAX) aircraft of Alaska Airlines, where part of the fuselage detached during a flight. The US Government had previously ordered the grounding of all Boeing 737-9 (MAX) planes until safety concerns were addressed.

In a letter to employees, Calhoun referenced the Alaska incident as a “turning point” for Boeing and emphasized the need for transparency and a commitment to safety and quality. Despite facing numerous challenges in recent years, including financial struggles and regulatory issues, Calhoun expressed confidence that Boeing would be able to overcome these obstacles even without him as CEO. He stated that he had been considering a CEO transition for some time and believed that his tenure at Boeing would come to an end once necessary work was completed. While he did not directly link his departure to the Alaska accident, Calhoun remains focused on addressing issues within the company and returning it to stability and recovery.

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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