Boeing CEO Dave Calhoun to resign by the end of the year

Boeing CEO Dave Calhoun has announced that he will be stepping down at the end of 2024 as the company deals with the aftermath of the 737 Max crisis. Calhoun, who was appointed to lead the company in 2020, will guide Boeing through a year of crucial work to stabilize and position the company for the future.

In addition to Calhoun’s departure, Boeing has announced a restructuring of its management team in an effort to improve its reputation. Independent Board Chair Larry Kellner has also announced plans to resign, with Steve Mollenkopf, a Boeing director since 2020, set to take his place. Mollenkopf will lead the process of selecting Boeing’s next chief executive.

Independent Board Chair Larry Kellner expressed his gratitude for Dave Calhoun’s leadership during his tenure at Boeing and thanked him for guiding the company through a difficult period. Kellner stated that Mollenkopf would bring valuable experience and expertise to his new role as chairman and CEO-elect.

The management changes come as Boeing faces pressure from regulators to address quality issues discovered in an audit of 737 Max manufacturing processes. In a letter to employees on Monday, Calhoun addressed the recent incident involving Alaska Airlines Flight 1282, where a door plug blew off at 16,000 feet. Calhoun described this as a “watershed moment” for Boeing and emphasized the company’s commitment to safety, quality, and transparency.

Calhoun expressed confidence that Boeing would emerge from this challenging period as a stronger company, building on the lessons learned in rebuilding the company over the past few years. The changes in leadership and management are expected to help pave the way for continued growth and success at Boeing in years to come.

By Riley Johnson

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