Boeing CEO Dave Calhoun to step down in shakeup amid safety crisis

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Boeing said on Monday that CEO Dave Calhoun would step down from his position at the end of 2024.

Boeing CEO Dave Calhoun will step down by year-end in a broad management shakeup brought on by the planemaker's sprawling safety crisis exacerbated by a January mid-air panel blowout on a 737 MAX plane.

The company is facing heavy regulatory scrutiny and U.S. authorities curbed production while it attempts to fix its safety and quality problems. The company is in talks to buy its former subsidiary Spirit AeroSystems to try to get more control over its supply chain. Scott Hamilton, managing director at aviation consulting firm Leeham Company, said the changes "speak to the depth of the crisis at the company following Jan. 5’s accident ... But it also speaks to the thin bench for executive ranks."Regulatory scrutiny surfaced troubling issues that caused investors and customers to lose confidence in the iconic manufacturer.

Last week, a group of U.S. airline CEOs sought meetings with Boeing directors without Calhoun to express frustration over the Alaska Airlines accident and management.Nothing is going to change for the better without company leadership acknowledging their failures and thoroughly committing to fixing them," said Ray Goforth, executive director of the Society of Professional Engineering Employees in Aerospace, which represents more than 19,000 workers at Boeing and Spirit AeroSystems.

Shanahan's "sole priority remains building a culture of safety" at Spirit, spokesperson Joe Buccino said Monday. Kevin Bacon announced this week to a gym full of students from Utah's Payson High School, where his iconic movie 'Footloose' was filmed, that he will be making an appearance at the school's final prom.Calgary singer-songwriters Tegan and Sara were honoured at this year's Juno Awards for their efforts to support 2SLGBTQ+ youth.

Shohei Ohtani plans to speak to the media Monday for the first time since the illegal gambling and theft allegations involving the Los Angeles Dodgers star and his interpreter emerged during the team’s trip to South Korea.Statistics Canada reports retail sales down in January as new car sales fell The United Nations Security Council has demanded a ceasefire in Gaza during the Muslim holy month of Ramadan, its first demand to halt fighting.Mother says package presenting cannabis like 'treat' put children in N.S. hospital

 

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