The Boeing CEO Steps Down Following a Series of Incidents

Boeing CEO Dave Calhoun will step down at the end of the year, according to an announcement made by the American aircraft manufacturer on Monday. Calhoun will lead Boeing through the remainder of the year to stabilize the company and prepare it for the future. A successor has not yet been named.

Boeing has faced several challenges in recent months, including technical issues with its aircraft and delays in deliveries. The company is under pressure to improve quality and safety. Other top executives at Boeing are also leaving, with a new CEO appointed for the commercial aircraft department and a new chairman taking over.

The reasons for the leadership changes are not specified, but Calhoun mentioned in a letter to employees that he and the departing chairman Larry Kellner had been planning the transition for some time. Calhoun was appointed as CEO in 2020 to restore confidence in Boeing after two fatal plane crashes in 2018 and 2019. The company faced a worldwide flight ban for the 737 MAX following the crashes.

Shortly after the announcement, Boeing’s stock rose by about 1 percent. Calhoun emphasized the challenges Boeing is facing and

By Samantha Johnson

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