Boeing CEO Steps Down Amid Safety Concerns: A New Chapter for the Aerospace Giant

Boeing CEO Dave Calhoun to step down following new safety concerns

In a statement released by the company, Boeing CEO Dave Calhoun announced that he will be stepping down from his position at the end of the year after a series of setbacks for the aircraft manufacturer. The chairman of the board, Larry Kellner, also stated that he does not plan to run for re-election during the next shareholders’ meeting. Steve Mollenkopf will take over from Kellener as independent president and lead the process of selecting the next CEO.

The setbacks that Boeing has faced include an investigation by the Federal Aviation Administration (FAA) into the 737-9 (MAX) aircraft after an Alaska Airlines plane experienced a fuselage issue during flight in January. This incident led to the grounding of all Boeing 737-9 (MAX) planes by the US Government until further safety measures were put in place.

In a letter to employees, Calhoun acknowledged the challenges faced by Boeing and emphasized the importance of transparency and a commitment to safety and quality throughout the company. While he did not directly attribute his departure to the Alaska incident, Calhoun expressed his confidence in Boeing’s ability to recover and stabilize without him as CEO. He mentioned that discussions about a CEO transition have been ongoing for some time and believes that his tenure will come to a close once

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