In the aftermath of the 737 Max crisis, Boeing CEO Dave Calhoun will step down, along with the replacement of board chair and commercial airplane head.

In the aftermath of the 737 Max crisis, Boeing CEO Dave Calhoun will step down, along with the replacement of board chair and commercial airplane head.
In the aftermath of the 737 Max crisis, Boeing CEO Dave Calhoun will step down, along with the replacement of board chair and commercial airplane head.
  • At the end of 2024, Boeing CEO Dave Calhoun will resign as part of a comprehensive management restructuring for the struggling aerospace corporation.
  • At Boeing's annual meeting in May, Larry Kellner, the chairman of the board, will resign and leave the board.
  • Boeing Commercial Airplanes' president and CEO, Stan Deal, is stepping down from his position effective immediately.

At the end of 2024, CEO Dave Calhoun will resign as part of a comprehensive management restructuring for the struggling aerospace corporation.

Larry Kellner, the chairman of the board at Boeing, is stepping down and will depart the board at the company's annual meeting in May. He has been succeeded as chair by Steve Mollenkopf, who has been a Boeing director since 2020.

Boeing Commercial Airplanes' president and CEO, Stan Deal, is stepping down effective immediately, and Stephanie Pope, who has been the company's Chief Operating Officer since 2019, will take over his role.

After a series of quality and manufacturing issues on Boeing planes, airlines and regulators have been calling for significant changes at the company. The scrutiny intensified following a January 5 accident, when a door plug blew out of a nearly new Boeing 737 Max 9, just minutes into a flight.

The Alaska Airlines Flight 1282 accident marked a turning point for Boeing, as Calhoun wrote to employees on Monday. It is crucial that we approach this incident with humility and complete transparency. Furthermore, we must instill a total dedication to safety and quality across all levels of our organization.

"We are under the scrutiny of the world, but I am confident that we will emerge from this experience as a stronger company, having learned from our past efforts to revive Boeing," he stated.

Boeing directors met with airline CEOs last week to discuss the lack of manufacturing quality controls and lower than expected production of 737 Max planes. Kellner and one or more other board members were present in the meetings.

For months, Calhoun has assured investors, airline customers, and the public that Boeing will resolve its numerous quality issues.

In late 2019, Calhoun was appointed to the top job at Boeing and assumed leadership in early 2020 after the company removed its previous CEO, Dennis Muilenburg, due to his handling of the aftermath of two deadly 737 Max crashes.

This is breaking news. Check back for updates.

by Phil LeBeau

Business News