Boeing CEO Dave Calhoun speaks to reporters as he departs from a meeting in Sen. Mark Warner's (D-Va.) office at the Capitol on January 24, 2024 in Washington, DC.
Anna Moneymaker | Getty Images
Boeing CEO Dave Calhoun will step down at the end of 2024 as part of a broader management shakeup at the beleaguered aerospace giant.
Larry Kellner, chairman of the board, has also resigned and is scheduled to retire from the board at Boeing's annual meeting in May. He was replaced as chairman by Steve Mollenkopf, who has been a Boeing director since 2020.
Stan Diehl, president and CEO of Boeing Commercial Airplanes, is leaving the company effective immediately. Moving into his job is Stephanie Pope, who recently became Boeing's chief operating officer after previously running Boeing Global Services.
The departures come as airlines and regulators are calling for major reforms at the company after a number of quality and manufacturing defects in Boeing planes. On January 5, an Alaska Airlines flight came under increased scrutiny after a door plug popped out of a nearly new Boeing 737 Max 9 just minutes into its flight.
“As you all know, Alaska Airlines Flight 1282 was a watershed moment for Boeing,” Calhoun said in a letter to employees Monday. “We must continue to respond to this incident with humility and full transparency, and instill a strong commitment to safety and quality at every level of our company.”
“The world's eyes are on us, and we are confident that we will emerge from this moment as a better company, building on all the learnings we have accumulated over the past several years as we helped rebuild Boeing.” “We are doing so,” he wrote.
Last week, airline CEOs began scheduling meetings with Boeing's board of directors to voice their frustration with a lack of manufacturing quality control and lower-than-expected production of the 737 Max. The meeting was to be attended by Mr. Kellner and one or more other board members.
Mr. Calhoun has been promising investors, airline customers and the general public for months that he would bring Boeing's myriad quality struggles under control.
Calhoun was appointed to the top job in late 2019 and was hired by Boeing in early 2020 after the company fired former CEO Dennis Muilenburg over his handling of two deadly 737 Max crashes. took command.
Boeing stock rose more than 3% in premarket trading Monday after Calhoun's announcement.
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