Boeing CEO To Resign After Long String Of Failures

Boeing has announced that Boeing CEO Dave Calhoun will resign after a long string of failures, and a board chaired by Steve Mollenkopf will select a new CEO.

CEO of Boeing Dave Calhoun will retire at the end of 2024 as part of a significant management transition for the struggling aerospace behemoth.

The board chairman, Larry Kellner, announced on Monday that he will not seek reelection at Boeing's annual meeting in May. Steve Mollenkopf, a former Qualcomm CEO and current director of Boeing, will take over as chair in his place. According to Boeing, Mollenkopf will guide the board in selecting a new CEO.Additionally, Stan Deal, the president and CEO of Boeing's commercial aircraft division, is quitting the business with immediate effect. Stephanie Pope, who was previously in charge of Boeing Global Services, is taking over for him as chief operating officer.

CEO of United Airlines, Scott Kirby, said that Boeing planes are safe despite the series of incidents involving the...

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