Boeing CEO Dave Calhoun is stepping down at the end of the year, according to a company announcement made on Monday. In addition to Calhoun, other top executives at Boeing, including Stan Deal and Larry Kellner, are also departing. The reasons for these leadership changes are not clear, but Calhoun mentioned in a letter to employees that he and Kellner had been planning the transition for some time.
Calhoun was appointed CEO in 2020 to restore confidence in Boeing after two plane crashes in 2018 and 2019. The recent incidents with technical defects have added to Boeing’s challenges. In response, Calhoun emphasized the need for transparency and humility in addressing these issues.
Despite these challenges, Boeing’s stock rose about 1 percent following the announcement of the leadership changes. The company is under pressure to improve its quality and safety standards amidst ongoing challenges. Calhoun’s departure marks a significant transition for Boeing, and the company will need to navigate these changes carefully to regain trust and stability.
