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Boeing Shakes Up Leadership Amid Ongoing Challenges: Calhoun, Kellner and Deal Depart as Company Seeks to Restore Trust

Boeing CEO Dave Calhoun to resign

Boeing Shakes Up Leadership Amid Ongoing Challenges: Calhoun, Kellner and Deal Depart as Company Seeks to Restore Trust

Boeing has recently announced a major shakeup in its leadership. The company’s CEO, Dave Calhoun, has announced his intention to leave the company by the end of the year. In addition, Boeing’s chairman and head of the commercial airplane unit are also departing.

Boeing’s chairman, Larry Kellner, will not seek reelection as a board director. Instead, former Qualcomm CEO Steve Mollenkopf has been elected to succeed him. The CEO of Boeing Commercial Airplanes, Stan Deal, is retiring. Stephanie Pope, who has been Boeing’s chief operating officer since January 2020, will assume Deal’s position with immediate effect.

The ongoing challenges that Boeing has faced over the past five years have led to multiple groundings and more than $31 billion in cumulative losses. These issues include two fatal crashes of the 737 Max in 2018 and 2019 that resulted in 346 fatalities and a recent Alaska Airlines 737 Max experience a door plug blowout in January that caused a significant hole in the side of the plane.

In a letter to employees, Calhoun called the Alaska Airlines incident a “watershed moment for Boeing.” He emphasized the importance of fixing issues and restoring trust with customers and stakeholders while regaining stability as quickly as possible.

Calhoun took on leadership during an incredibly difficult period for Boeing. His tenure included a 20-month grounding of the 737 Max due to a design flaw and the onset of Covid-19 pandemic which severely impacted air travel and Boeing’s customers. This is an ongoing story and will be updated as more information becomes available.

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