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Boeing CEO Dave Calhoun Steps Down Amidst Major Setbacks and Safety Concerns

Boeing CEO Dave Calhoun to step down following new safety concerns

Boeing CEO Dave Calhoun Steps Down Amidst Major Setbacks and Safety Concerns

Boeing CEO Dave Calhoun announced his departure from the company at the end of the year, following a series of setbacks for the aircraft manufacturer. The chairman of the board, Larry Kellner, also stated that he will not run for re-election during the next shareholders’ meeting. Steve Mollenkopf has been appointed as independent president to lead the process of selecting the next CEO.

In January, Boeing faced a major setback when a 737-9 (MAX) aircraft of Alaska Airlines experienced a fuselage issue during flight. This led to the grounding of all Boeing 737-9 (MAX) planes by the US Government until further safety measures were put in place. In a letter to employees, Calhoun acknowledged the challenges faced by Boeing and emphasized the importance of transparency and a commitment to safety and quality throughout the company. While he did not directly attribute his departure to the Alaska incident, Calhoun expressed his confidence in Boeing’s ability to recover and stabilize without him as CEO.

The ongoing discussions about a CEO transition have been ongoing for some time, and Calhoun believes that his tenure will come to an end once necessary work has been completed to address the issues at hand. Despite facing scrutiny from around the world, Calhoun is optimistic about Boeing’s future and its ability to overcome this crisis.

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