Boeing CEO Dave Calhoun speaks to reporters as he leaves a meeting at the office of Senator Mark Warner (D-VA) on Capitol Hill on January 24, 2024 in Washington, DC.
Anna Moneymaker | Getty Images
Boeing CEO Dave Calhoun will step down at the end of 2024 as part of a broad management shakeup at the struggling aerospace giant.
Board Chairman Larry Kellner also resigned and will leave the board at Boeing’s annual meeting in May. He was replaced as president by Steve Mollenkopf, Boeing director since 2020.
And Stan Deal, president and CEO of Boeing Commercial Airplanes, will leave the company, effective immediately. Replacing him is Stephanie Pope, who recently became Boeing’s Chief Operating Officer after previously managing Boeing Global Services.
The departures come as airlines and regulators have stepped up calls for major changes at the company after a series of quality and manufacturing defects on Boeing planes. Scrutiny intensified after the Jan. 5 crash, when the door plug of a nearly new Boeing 737 Max 9 exploded, minutes into a crash. Alaska Airlines flight.
Last week, airline CEOs began scheduling meetings with Boeing directors to express their displeasure with the lack of manufacturing quality controls and lower-than-expected production of the 737 Max planes. The meetings were expected to include Kellner and one or more other members of the board.
For months, Calhoun has promised investors, airline customers and the general public that Boeing will get its myriad quality problems under control.
Calhoun was named to the top job in late 2019 and took the helm of Boeing in early 2020 after the company ousted its previous CEO, Dennis Muilenburg, for his handling of the aftermath of two fatal 737 crashes Max.
This is breaking news. Check back for updates.