Boeing CEO’s Departure Marks Turning Point in Company’s Quest for Recovery after Setbacks

Boeing CEO Dave Calhoun to step down following new safety concerns

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

Calhoun acknowledged in a letter to employees that Boeing has faced significant challenges and expressed his confidence in Boeing’s ability to recover and stabilize without him as CEO. He emphasized transparency and a commitment to safety and quality throughout the company, but did not directly attribute his departure to the Alaska incident. Discussions about a CEO transition have been ongoing for some time, according to Calhoun, who believes that his tenure will come to an end once necessary work is completed to address issues at hand. Despite global scrutiny, Calhoun remains optimistic about Boeing’s future and its ability to overcome its current crisis.

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