Boeing CEO Dave Calhoun to step down in wake of 737 Max crisis

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 59%

United States Headlines News

United States Latest News,United States Headlines

Boeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant.

Chairman of the board Larry Kellner is also resigning and will leave the board at Boeing's annual meeting in May.will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant.

Chairman of the board Larry Kellner is also resigning and will leave the board at Boeing's annual meeting in May. He has been replaced as chair by Steve Mollenkopf, who has been a Boeing director since 2020. And Stan Deal, president and CEO of Boeing Commercial Airplanes, is leaving the company effective immediately. Moving into his job is Stephanie Pope, who recently became Boeing's Chief Operating Officer after previously running Boeing Global Services.The departures come as airlines and regulators have been increasing calls for major changes at the company after a host of quality and manufacturing flaws on Boeing planes.

Calhoun for months has promised investors, airline customers and the general public that Boeing will get its myriad quality struggles under control.Calhoun was appointed to the top job in late 2019 and took the helm at Boeing in early 2020 after the company ousted its previous chief executive, Dennis Muilenburg, for his handling of the aftermath of two deadly 737 Max crashes.Russia

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 319. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Boeing CEO Dave Calhoun and slew of executives to step down amid safety crisisPatrick Smith is a London-based editor and reporter for NBC News Digital.
Source: NBCNewsHealth - 🏆 707. / 51 Read more »

Boeing CEO Dave Calhoun to step down; board chair and commercial airplane head replaced in wake of 737 Max crisisBoeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant.
Source: CNBC - 🏆 12. / 72 Read more »

Leading U.S. airlines seek meeting with Boeing over quality-control problemsThe heads of leading U.S. airlines want to meet with Boeing and hear the aircraft manufacturer’s strategy for fixing quality-control problems. The meeting is likely to take place next week. Boeing CEO David Calhoun is not expected to meet with the airline officials, and Boeing has offered to send its chairman, former Continental Airlines CEO Lawrence Kellner, and other board members. Alaska Airlines Boeing 737 plane has in-flight windshield crack during landing at PDX. The company's chief financial officer, Brian West, said that the slowdown in aircraft production would cause Boeing to burn through $4 billion to $4.5 billion in cash flow during the first quarter.
Source: KUTV2News - 🏆 281. / 63 Read more »

Boeing Employees Explain Why They Refuse To Fly In Boeing AircraftBoeing’s reputation has suffered serious damage following several high-profile equipment failures, including a door panel detaching during an Alaska Airlines flight. The Onion asked Boeing employees whether they would fly in a Boeing aircraft, and this is what they said.
Source: TheOnion - 🏆 724. / 51 Read more »

Shake Shack names Papa John's CEO as its new leader in CEO shakeupShake Shack named a new CEO on Thursday, the first outsider to lead the company in its 20-year history.
Source: ksatnews - 🏆 442. / 53 Read more »

Shake Shack names Papa John's CEO as its new leader in CEO shakeupShake Shack named a new CEO on Thursday, the first outsider to lead the company in its 20-year history.
Source: KPRC2 - 🏆 80. / 68 Read more »