Boeing CEO Dave Calhoun will step down from the aerospace giant by the end of 2024, the company said Monday, as Boeing navigates the fallout of a near-disastrous incident involving a 737 Max jet earlier this year and the safety issues it revealed.
The company said in a statement that Calhoun will be joined by Boeing Commercial Airplanes CEO Stan Deal, who is also leaving the Arlington, Virginia-based company. Larry Kellner, the chairman of Boeing’s board of directors, is also resigning and will leave the board at the company’s annual meeting in May.
The string of high-profile departures comes as Boeing faces more stringent oversight from federal regulators after a series of quality and manufacturing flaws were discovered on Boeing’s planes. Boeing’s rough 2024 kicked off on Jan. 5, when a door plug blew out of a 737 Max 9 jet minutes into an Alaska Airlines flight.
“As you all know, the Alaska Airlines Flight 1282 accident was a watershed moment for Boeing,” Calhoun wrote in a letter to staff. “We must continue to respond to this accident with humility and complete transparency. We also must inculcate a total commitment to safety and quality at every level of our company.”
This is a developing story and will be updated.