Boeing CEO Dave Calhoun announced a major shakeup of the company’s leadership on Monday. Along with Calhoun, the president and head of the commercial aircraft unit are leaving. Larry Kellner, the chairman of Boeing, will not run for re-election as a director of the board, and Steve Mollenkopf, the former CEO of Qualcomm, will succeed him. In addition, Stan Diehl, CEO of Boeing Commercial Airplanes, is retiring and Stephanie Pope, Boeing’s current COO, will take his place effective immediately.

Calhoun called the recent incident involving an Alaska Airlines 737 Max a “watershed moment,” emphasizing the need to fix what isn’t working and get the company back on track. The 20-month grounding of the 737 Max and the COVID-19 pandemic have greatly affected air travel and Boeing’s financial stability. The story is still developing and will be updated as new information becomes available.

By Samantha Johnson

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