Boeing CEO Dave Calhoun is stepping down at the end of the year as part of a major managerial shift as the company deals with a crisis over concerns about safety following several incidents, including a door panel falling off in the middle of an Alaska Airlines flight.
"President and CEO Dave Calhoun today announced his decision to step down as CEO at the end of 2024, and he will continue to lead Boeing through the year to complete the critical work underway to stabilize and position the company for the future," Boeing said in a statement.
In addition, the company said that Boeing Commercial Airplanes Chief Stan Deal is retiring, effective immediately. He will be replaced by Stephanie Pope, who has been serving as the chief operating officer. Independent Board Chair Larry Kellner said he will not seek re-election and will be replaced by Steve Mollenkopf, who will be in charge of finding a new CEO for the company.
"As we begin this period of transition, I want to assure you, we will remain squarely focused on completing the work we have done together to return our company to stability after the extraordinary challenges of the past five years, with safety and quality at the forefront of everything that we do," Calhoun wrote in a letter to Boeing employees.