Boeing CEO Dave Calhoun to step down at end of 2024

Business Matters: FAA says Boeing can’t increase 737 Max production until quality, safety culture improved

The head of the U.S. Federal Aviation Administration said Boeing must improve safety culture and address quality issues before the agency will allow the airplane manufacturer to boost production of its 737 MAX aircraft. Anne Gaviola has more on the troubled aerospace giant in Business Matters for Wednesday, March 20., Calhoun wrote that the Alaska Airlines Flight 1282 was a watershed moment for the company.“We must continue to respond to this accident with humility and complete transparency.

“We are going to fix what isn’t working, and we are going to get our company back on the track towards recovery and stability.”UN Security Council calls for ceasefire in Gaza, its 1st demand to halt fightinglaunched a criminal investigation into the Alaska Airlines flight The company’s statement Monday said Calhoun would stay on until the end of the year to “complete the critical work underway to stabilize and position the company for the future.”

The statement also announced Boeing’s chairperson Larry Kellner won’t stand for re-election at the company’s upcoming annual shareholder meeting and that the head of the company’s commercial airplanes section Stan Deal will retire and be replaced by chief operating office Stephanie Pope effective immediately.Steve Mollenkopf will succeed Kellner to lead the board’s selection of the next CEO.

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