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Boeing’s CEO Dave Calhoun to Resign

Boeing CEO, Dave Calhoun, announced a major shakeup of the company’s leadership on Monday, stating his intention to leave by the end of the year. Along with Calhoun, the company’s chairman and head of the commercial airplane unit are also departing. In a letter to Boeing employees, Calhoun referred to this as “a watershed moment,” emphasizing the need to fix what isn’t working and get the company back on track.

Boeing has faced significant challenges over the last five years, including fatal crashes of the 737 Max in 2018 and 2019 and the recent incident involving an Alaska Airlines 737 Max in January. These problems have led to safety groundings and over $31 billion in cumulative losses. Larry Kellner, Boeing’s chairman, will not stand for re-election as a board director, and Steve Mollenkopf, former Qualcomm CEO, will succeed him. In addition, Stan Deal, CEO of Boeing Commercial Airplanes, is retiring, and Stephanie Pope, Boeing’s current chief operating officer

By Samantha Jones

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