Boeing CEO Dave Calhoun will step down from his position at the end of the year, as announced by the company itself. Board Chairman Larry Kellner also said he has no plans to run for re-election at the next shareholder meeting. Steve Mollenkopf will take over as independent chairman and lead the process of selecting the next CEO.

The decision to step down comes after a series of setbacks at Boeing, including an investigation by the Federal Aviation Administration into an Alaska Airlines 737-9 (MAX), where part of the fuselage separated in flight. The US government previously ordered the grounding of all Boeing 737-9 (MAX) aircraft until safety issues are resolved.

In a letter to employees, Calhoun cited the Alaska incident as a “turning point” for Boeing and emphasized the need for transparency and a commitment to safety and quality. Despite the challenges facing the company, Calhoun expressed confidence that Boeing will manage to overcome the crisis without him as CEO. He has been mulling a CEO transition for some time and believes his tenure at Boeing will come to an end once the necessary business is done. Although he did not directly link his departure to the Alaska accident, Calhoun remains focused on solving problems within the company and restoring stability and recovery.

By Samantha Johnson

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