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Boeing CEO to step down as safety concerns mount

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NEW YORK: Boeing announced Monday a leadership shakeup headlined by the departure of CEO Dave Calhoun as the aviation giant faces heavy scrutiny following safety incidents and manufacturing issues.

Besides Calhoun, who will stay in his post through the end of 2024, Boeing announced two other major changes to company management.Stan Deal, Boeing's head of commercial airlines since 2019, will exit immediately, while the company's chairman, Larry Kellner, a former airline CEO, will depart after the company's annual meeting this spring.Replacing Deal will be longtime Boeing executive Stephanie Pope, while former Qualcomm CEO Steve Mollenkopf will serve as the new chairman.

The Alaska Airlines incident put Boeing back in the hot seat, a familiar spot after a 20-month grounding of the 737 MAX following fatal crashes in 2018 and 2019.The company has faced questions following several other potentially dangerous episodes in recent weeks, including an engine fire on a Boeing 747 shortly after takeoff from Florida in January.

 

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