Boeing CEO Announces Resignation Amid Major Setbacks and Scrutiny

Boeing CEO Dave Calhoun to step down following new safety concerns

Boeing CEO Dave Calhoun announced his decision to step down from his position at the end of the year, citing a series of setbacks for the aircraft manufacturer. The company’s chairman, Larry Kellner, also announced that he will not be running for re-election in the next shareholders’ meeting. Steve Mollenkopf will take over as independent president and lead the process of selecting the next CEO.

In January, Boeing faced a major setback when the Federal Aviation Administration (FAA) launched an investigation into the company after an Alaska Airlines 737-9 (MAX) aircraft experienced a fuselage issue during flight. This incident led to the grounding of all Boeing 737-9 (MAX) planes by the US government until further safety measures were put in place.

Calhoun acknowledged the challenges faced by Boeing in a letter to employees, emphasizing the importance of transparency and a commitment to safety and quality throughout the company. While he did not directly attribute his departure to the Alaska incident, Calhoun expressed his confidence in Boeing’s ability to recover and stabilize without him as CEO. He mentioned that discussions about a CEO transition have been ongoing for some time and believes that his tenure will come to a close once necessary work has been completed to address issues at hand. Despite facing scrutiny from around the world, Calhoun remains optimistic about Boeing’s future and its ability to overcome its current crisis.

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