Boeing CEO Calhoun Steps Down at End of the Year

3/25/2024, 4:00 PM

Boeing's string of mishaps shows no sign of abating: In a dramatic turn of events, CEO Calhoun has thrown in the towel, accompanied by two top executives.

Eulerpool News Mar 25, 2024, 4:00 PM

Boeing, the U.S. aircraft manufacturer, faces a major leadership change. CEO Dave Calhoun will step down at the end of the year. This announcement comes just weeks after a near-miss accident and marks a significant step for the company, which finds itself in a deep crisis due to a series of mishaps. The chairman of the board, Larry Kellner, and Stan Deal, the head of the commercial airplanes division, will also leave Boeing. Stephanie Pope will succeed as the new head of the division.

The Urgency of This Decision Is Highlighted by an Ongoing Investigation by the US Aviation Authority FAA Focusing on Production Defects at a Boeing Factory Near Seattle, Where Planes Such as the 737 Max for Alaska Airlines Are Being Manufactured. An incident on January 5th, in which the door paneling of one of these planes came loose shortly after takeoff, has drawn attention to potential assembly errors. Preliminary investigations suggest that screws intended to secure the paneling were missing following repair work at the factory.

The Crisis at Boeing Continues to be Exacerbated by the Tragic Crashes of Two 737 Max Jets in 2018 and 2019, Which Claimed a Total of 346 Lives. The Accidents Were Attributed to Software Issues. Despite These Challenges, the Market Responded Positively to the Announcement of a Leadership Change, with Boeing's Share Price Rising by More Than 2 Percent in Pre-market Trading. Boeing is Thus Faced with the Task of Regaining Trust and Recovering from the Current Crisis.

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