Boeing Faces Uncertainty: CEO and Key Leaders Depart After 737 Max Crashes and Company Upheaval

Boeing CEO Dave Calhoun to resign

Boeing faces challenges for over five years, including two fatal crashes of the 737 Max in 2018 and 2019 that resulted in 346 fatalities. The company’s CEO, Dave Calhoun, announced on Monday his intention to leave the company by the end of the year. The company’s chairman and the head of the commercial airplane unit are also departing.

Boeing’s chairman, Larry Kellner, will not seek reelection as a board director. Former Qualcomm CEO Steve Mollenkopf has been elected to succeed him. Additionally, Stan Deal, the CEO of Boeing Commercial Airplanes, is retiring. Stephanie Pope, Boeing’s chief operating officer since January, will assume his position with immediate effect.

Calhoun called the Alaska Airlines incident a “watershed moment for Boeing” in a letter to employees. He emphasized the importance of fixing issues, regaining stability, and restoring the company’s reputation. Calhoun took leadership during a challenging period that included a 20-month grounding of the 737 Max due to a design flaw and the onset of the Covid-19 pandemic which severely impacted air travel and Boeing’s customers. This is an ongoing story and will be updated as more information becomes available.

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