• Sat. May 25th, 2024

Boeing CEO Steps Down as Company Rebuilds Reputation Amid Quality Issues and Regulatory Pressure

BySamantha Nguyen

Mar 25, 2024
Boeing CEO Dave Calhoun to resign by the end of the year

Boeing CEO Dave Calhoun is stepping down at the end of 2024 as the company continues to deal 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. Larry Kellner, the independent board chair, 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 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. 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.

The management changes come as Boeing faces pressure from regulators to address quality issues discovered in an audit of 737 Max manufacturing processes. Calhoun expressed confidence that Boeing would emerge from this challenging period as a stronger company, building on the lessons learned in rebuilding

By Samantha Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

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