Boeing CEO To Step Down By Yearend

Boeing CEO David Calhoun will step down from the embattled plane maker at the end of the year as part of a broader management shakeup after a series of mishaps at one of America’s most storied manufacturers, Michelle Chapman reported.


Boeing has been under intense pressure since early January when a panel blew off a brand-new Alaska Airlines 737 Max. I Photo: Boeing

Stan Deal, president and CEO of Boeing’s commercial airplanes unit, will retire immediately, and Stephanie Pope, the company’s chief operating officer, will lead the division.

Boeing has been under intense pressure since early January when a panel blew off a brand-new Alaska Airlines 737 Max. Investigators say bolts that help keep the panel in place were missing after repair work at the Boeing factory.


Boeing also announced that its chairman, Larry Kellner, would not stand for re-election. The board elected Steve Mollenkopf, an electrical engineer by training and the former chief executive of Qualcomm, as its new chairman.

In that role, he will lead the process of choosing Boeing’s next chief executive. Sydney Ember and Niraj Chokshi also reported for the New York Times.

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