Boeing's CEO to Step Down Amid Safety Concerns

Boeing CEO Dave Calhoun has announced his resignation at the end of 2024 amidst the fallout from an Alaska Airlines safety incident. This decision is part of a broader top management overhaul, which includes the departure of Boeing's chair, Larry Kellner, and its commercial-planes head, Stan Deal. Deal will be succeeded by Stephanie Pope, the company's chief operating officer. Kellner, who has been the board chair since 2019, will not seek reelection at the upcoming annual shareholder meeting. In a letter to employees, Calhoun expressed gratitude for the opportunity to serve Boeing and acknowledged the company's challenges. The safety concerns stem from an Alaska Airlines 737 Max door blowout in January, and the National Transportation Safety Board's preliminary report revealing missing bolts designed to secure the door plug. This development follows previous crises related to the 737 Max, leading to the dismissal of Calhoun's predecessor, Dennis Muilenburg, after two 737 Max 8 crashes. The company is navigating through a challenging period, striving to ensure safety and quality in the face of intensified scrutiny.