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Boeing CEO Dave Calhoun will be stepping down at the end of the year from the top job at the company, which is under pressure from major airlines wanting to know how Boeing plans to fix problems in the manufacturing of its planes.
In a letter to staff, Boeing CEO Dave Calhoun writes the Alaska Airlines door blowout was a “watershed moment” for Boeing and that now is the “right time for a CEO transition.” Boeing will select a new CEO before Calhoun steps down later this year. Additionally, Boeing announced that its Commercial Airplanes CEO Stan Deal is retiring and will be replaced by Stephanie Pope starting today. The company’s board chair Larry Kellner will also not stand for reelection, with Steve Mollenkopf serving as his replacement.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
A lot is at stake for Boeing as it navigates the fallout from the Alaska Airlines door plug incident, 737 Max issues, and mounting regulatory hurdles.
ABC NewsBoeing CEO Dave Calhoun will step down at the end of the year, the company said in an announcement Monday.The move comes amid fallout from a high-profile safety failure onboard an Alaska Airlines flight in January, when a door plug blew out of Boeing's 737 Max 9 aircraft while the plane was in flight.In a statement on Monday, Calhoun acknowledged the challenges facing Boeing."The eyes of the world are on us, and I know that we will come through this moment a better company," Calhoun said. "We will remain squarely focused on completing the work we have done together to re...