Boeing CEO Dave Calhoun Steps Down Amid Safety Concerns and Shareholder Unrest

Boeing CEO Dave Calhoun to step down following new safety concerns

Boeing CEO Dave Calhoun will be stepping down from his position at the end of the year after a series of setbacks for the aircraft manufacturer, as announced by the company itself. 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.

In January, the Federal Aviation Administration (FAA) launched an investigation into Boeing after a 737-9 (MAX) aircraft of Alaska Airlines experienced a fuselage issue during flight. 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.

Boeing CEO Dave Calhoun acknowledged the challenges faced by Boeing and emphasized the importance of transparency and a commitment to safety and quality throughout the company in a letter to employees. 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. Discussions about a CEO transition have been ongoing for some time and Calhoun mentioned that his tenure will come to an end once the necessary work has been completed to address

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