• Sun. May 26th, 2024

Boeing CEO Steps Down as Company Faces Continued Challenges in the Wake of 737 Max Crisis: Redefining Safety, Quality and Transparency

BySamantha Nguyen

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

Boeing CEO Dave Calhoun has announced his resignation at the end of 2024 as the company continues to deal with the aftermath of the 737 Max crisis. In a letter to employees on Monday, Calhoun described this as a “watershed moment” for Boeing and emphasized the company’s commitment to safety, quality, and transparency.

Boeing has also announced a restructuring of its management team in an effort to improve its reputation. Stan Deal, the head of Boeing Commercial Airplanes (BCA), will step down immediately, with Stephanie Pope taking his place. Pope has been overseeing the performance of Boeing’s business units, including Boeing Commercial Airplanes, Boeing Defense, Space & Security, and Boeing Global Services.

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

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.

By Samantha Nguyen

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