Boeing CEO Dave Calhoun has announced he will step down at the end of 2024, amidst ongoing fallout from the 737 Max crisis. In a letter to employees, Calhoun described this as a “watershed moment” for Boeing and emphasized the company’s commitment to safety, quality and transparency.

In addition to Calhoun’s departure, Boeing announced a restructuring of its management team in an effort to improve its reputation. Stan Diehl, head of Boeing Commercial Airplanes (BCA), will also step down effective immediately. Stephanie Pope, who served as chief operating officer, will replace Deal. Pope oversaw the operation of Boeing’s business units, including Boeing Commercial Airplanes, Boeing Defense, Space & Security and Boeing Global Services.

Independent board chairman Larry Kellner has also announced plans to resign, with Steve Mollenkopf, a Boeing director since 2020, set to take over. Mollenkopf will lead the selection process for Boeing’s next CEO.

The management changes come as Boeing faces pressure from regulators to address quality problems uncovered in an audit of the 737 Max’s manufacturing processes. Calhoun expressed confidence that Boeing will emerge from this challenging period as a stronger company, building on the lessons learned in rebuilding the company over the past several years.

By Samantha Johnson

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