Amid a security crisis, Boeing will restructure management and CEO Dave Calhoun will step down

Boeing: The company said in its statement that Stan Deal, President and CEO of Boeing Commercial Airplanes, will also retire. Stephanie Pope will replace him.

Mon, 25 Mar 2024 09:35 PM (IST)
Amid a security crisis, Boeing will restructure management and CEO Dave Calhoun will step down

Dave Calhoun, the CEO of Boeing, will step down from his position. This was announced by the company. According to the company, there is an ongoing investigation into several recent security incidents. In this case, the company has chosen to replace the management for security-related reasons. Dave Calhoun will resign from his position by year's end as a result of this adjustment.

Stan Deal, the president and CEO of Boeing Commercial Aeroplanes, will also retire, the company announced in a statement on Thursday. He will be replaced by Stephanie Pope. The tech company Qualcomm's former CEO, Steve Mollenkopf, has been named the new board chairman.

Calhoun, who took over the top job at Boeing in January 2020, is hurt by the recent developments in the planes. He said his company is committed to working closely with the National Transportation Safety Board (NTSB) which is investigating these cases. Dave Calhoun said the NTSB is a capable institution and we trust every step they took and their findings. After the accident at Alaska Airlines, the US regulator grounded 171 Boeing 737 Max 9 aircraft.

Muskan Kumawat Muskan Kumawat is a Journalist & Content Writer at Sangri Times English, covering a wide range of topics, including news, entertainment, and trending stories. With a strong passion for storytelling and in-depth reporting, she delivers engaging and informative content to readers.