Boeing CEO Dave Calhoun announced on Monday that he will be stepping down from his position at the end of the year. This decision comes as the planemaker has been under increased scrutiny following the Alaska Airlines blowout incident on January 5.
The restructuring of Boeing's top management also includes the resignation of Larry Kellner, the chairman of the board, and Stan Deal, the CEO of the commercial airplanes division. Deal officially retired from the company on Monday and will be succeeded by Stephanie Pope, who currently serves as the chief operating officer.
Kellner, who has been the chair of the board since 2019, has decided not to seek reelection at the upcoming annual shareholder meeting. In a letter addressed to Boeing employees, Calhoun expressed his gratitude for the opportunity to lead the company, stating, 'It has been the greatest privilege of my life to serve Boeing.'
Calhoun acknowledged the challenges that Boeing has faced in recent years and emphasized the company's commitment to safety and quality moving forward. He reassured employees that Boeing will continue to focus on stabilizing the company and regaining trust in the wake of past difficulties.
Looking ahead, Calhoun expressed confidence in Boeing's ability to overcome its current challenges and emerge as a stronger organization. He emphasized the importance of maintaining a steadfast dedication to safety and quality in all aspects of the company's operations.
