Boeing Shakes Up Leadership Amid Ongoing Challenges and Scandals

Boeing CEO Dave Calhoun to resign

Boeing has announced a major leadership shakeup, with CEO Dave Calhoun revealing his intention to leave the company by the end of the year. The company’s chairman and head of the commercial airplane unit are also departing.

Boeing’s chairman, Larry Kellner, will not seek reelection as a board director. He will be succeeded by former Qualcomm CEO Steve Mollenkopf, who has been elected to take over his role. Additionally, Stan Deal, CEO of Boeing Commercial Airplanes, is retiring. Stephanie Pope will assume his position with immediate effect.

The news comes after Boeing has faced challenges for over five years, including two fatal crashes of the 737 Max in 2018 and 2019 that resulted in 346 fatalities. Most recently, an Alaska Airlines 737 Max experienced a door plug blowout in January, causing a significant hole in the side of the plane. These issues have led to multiple groundings and more than $31 billion in cumulative losses.

In a letter to Boeing employees, Calhoun called the Alaska Airlines incident a “watershed moment for Boeing.” He emphasized the importance of fixing issues, regaining stability, and restoring the company’s reputation. Calhoun took leadership during a challenging period that included a 20-month grounding of the 737 Max due to a design flaw and the onset of Covid-19 pandemic that severely impacted air travel and Boeing’s customers.

This is an ongoing story and will be updated as more information becomes available.

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