Boeing CEO Calhoun to step down from post by end of year

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Boeing CEO Dave Calhoun will step down from the embattled plane maker at the end of the year after a series of mishaps at one of America's most storied manufacturers.

maker Boeing will step down this year amid a broader shakeup of the company's top leadership, capping a tumultuous five plus years that has shaken faith in one of America's most storied manufacturers.

Those problems have snowballed and the Federal Aviation Administration recently ordered an audit of assembly lines at a Boeing factory near Seattle, where the company builds planes like the Alaska Airlines 737 Max that suffered a door-panel blowout on January 5. Investigators say bolts that help keep the panel in place were missing after repair work at the Boeing factory.Boeing CEO Dave Calhoun will step down from the embattled plane maker at the end of the year.

Southwest Airlines recently said that it was reevaluating its financial expectations for this year because of related delays in the delivery of planes.

 

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