Boeing, on Monday, said Dave Calhoun, Chief Executive of the aerospace company will be stepping down from his position by the end of 2024, which comes after U.S. regulators temporarily grounded 171 Boeing 737 MAX 9 jetliners for safety checks earlier this year.
The airline maker has been wrestling with a growing crisis following a mid-air panel blowout on a 737 MAX plane, based on a report of Reuters News Agency in January.
Calhoun in his message to employees acknowledged the Alaska Airlines Flight 1282 accident that has changed the company.
The firm said he will continue to lead the firm through the year to oversee essential initiatives aimed at stabilizing and strategically positioning the company for the future.
Steve Mollenkopf, former CEO of telecommunications firm Qualcomm will be leading the process of selecting Boeing’s succeeding CEO, said Boeing. Additionally, Stan Deal, Executive Chief of Boeing Commercial Airplanes will retire from the company, while Stephanie Pope is appointed to lead BCA, effective immediately.
In January, Boeing initially appointed insider Pope as chief operating officer of the company.
The firm also said the board has elected Mollenkopf as an independent board chair to succeed Larry Kellner, following the message of Kellner’s intention to not stand for re-election at the upcoming Annual Shareholder meeting.
Calhoun held the position of CEO with Boeing since 2020, specializing in a wide array of strategic, business, safety and regulatory matters across several industries. Prior to which, he was Senior Managing Director and Head of Portfolio Operations at investment firm The Blackstone Group since January 2014.
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