Boeing’s CEO Dave Calhoun to Resign

Boeing CEO, Dave Calhoun, has announced a major leadership shakeup at the company, 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. 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, will take his place immediately.

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

Calhoun became chairman in late 2019 after being ousted as CEO of his predecessor Dennis Muilenburg following a 20-month grounding of the 737 Max and the onset of COVID-19 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 Riley Johnson

As a content writer at newsmol.com, I dive into the depths of information to craft compelling stories that captivate and inform readers. With a keen eye for detail and a passion for storytelling, I strive to create engaging content that resonates with our audience. Whether it's breaking news, in-depth features, or thought-provoking opinion pieces, I am dedicated to delivering high-quality, informative content that keeps readers coming back for more. My goal is to bring a fresh perspective to every article I write and to make a meaningful impact through the power of words.

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