Boeing’s CEO Dave Calhoun to Resign

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

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 will take his place immediately as current chief operating officer.

Boeing has faced significant challenges over the last five years including fatal crashes of the 737 Max in 2018 and 2019 and recent incidents involving an Alaska Airlines 737 Max in January. These problems have led to safety groundings and over $31 billion in cumulative losses.

Calhoun became chairman in late 2019 and CEO in January 2020 after his predecessor Dennis Muilenburg was ousted amidst a 20-month grounding of the 737 Max and COVID-19 pandemic which greatly impacted air travel and Boeing’s financial stability. The story is still developing and will be updated as new information becomes available.

By Aiden Johnson

As a content writer at newspoip.com, I have a passion for crafting engaging and informative articles that captivate readers. With a keen eye for detail and a knack for storytelling, I strive to deliver content that not only informs but also entertains. My goal is to create compelling narratives that resonate with our audience and keep them coming back for more. Whether I'm delving into the latest news topics or exploring in-depth features, I am dedicated to producing high-quality content that informs, inspires, and sparks curiosity.

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