Boeing boss, amid turbulence, announces that he will leave his position at the end of 2024

The American aircraft manufacturer Boeing, in crisis after several safety problems in its planes, announced on Monday the departure at the end of the year of its boss Dave Calhoun, as well as other executives.

Dave Calhoun will remain at the helm until the end of 2024, the company said in a news release. Stan Deal, director of the commercial aviation division, is replaced with immediate effect by Stephanie Pope, current group operating director. Board chairman Larry Kellner “further informed the board that he does not plan to seek re-election in the upcoming election” during the annual general meeting of shareholders, according to the press release. He held this position since the end of 2019.

“The greatest privilege of my life”

The board of directors chose Steve Mollenkopf, a member of Boeing’s executive board and former head of chipmaker Qualcomm, to succeed him. Steve Mollenkopf will be responsible for finding a new CEO for Boeing. “Serving Boeing has been the greatest privilege of my life,” Dave Calhoun said in a letter to Boeing employees. “The eyes of the world are on us and I know we will come out better as a company,” he added.

At around 12:45 GMT, in electronic trading before the New York Stock Exchange opened, shares of the aircraft maker rose 3.4% to $195.25. The American aircraft manufacturer has been in the midst of a crisis since an accident in early January on a 737 MAX 9 operated by Alaska Airlines, in which a cabin door detached in mid-flight.

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Among other consequences, the United States Civil Aviation Agency (FAA) began an audit of the manufacturer’s quality control. In early March it indicated that “non-compliance issues” had been identified in production control by Boeing and its subcontractor Spirit Aerosystems. In addition to the incident aboard the Alaska Airlines flight, production issues have been reported throughout 2023 as well as a series of other incidents in 2024.

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