Boeing CEO, Many Other Top Execs To Step Down in Leadership Shakeup at Embattled Plane Maker

Boeing announced a major leadership overhaul Monday, with CEO Dave Calhoun set to step down at the end of 2024 amid mounting pressure from airlines and regulators over quality and manufacturing issues. Chairman Larry Kellner will also resign and depart the board at Boeing's annual meeting in May, the company said. He will be replaced as chair by Steve Mollenkopf, a Boeing director since 2020. Stan Deal, president and CEO of Boeing Commercial Airplanes, is leaving the company effective immediately. Stephanie Pope, who recently became Boeing's Chief Operating Officer after leading Boeing Global Services, will take over Deal's role.

The shakeup comes as the aerospace giant faces increasing scrutiny following a series of production flaws and a recent incident involving a nearly new Boeing 737 Max 9, where a door plug blew out minutes into an Alaska Airlines flight on Jan. 5. Airlines and regulators have been calling for significant changes at Boeing to address these issues and restore confidence in the company's products. The leadership changes appear to be a response to these growing concerns.

An excerpt from a letter the CEO wrote to employees, also on Monday: As you all know, the Alaska Airlines Flight 1282 accident was a watershed moment for Boeing. We must continue to respond to this accident with humility and complete transparency. We also must inculcate a total commitment to safety and quality at every level of our company.

The eyes of the world are on us, and I know we will come through this moment a better company, building on all the learnings we accumulated as we worked together to rebuild Boeing over the last number of years.

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