Boeing Identifies Process Control Issue; Key Execs to Step Down
In what has been called “a broad management shakeup,” a number of key executives will be exiting Boeing, including CEO Dave Calhoun, stepping down at the end of 2024; Larry Kellner, chairman of the board, resigning and will not stand for reelection at Boeing’s annual meeting in May; and Stan Deal, president and CEO of Boeing Commercial Airplanes, leaving the company effective immediately.
All of this “come as airlines and regulators have been increasing calls for major changes at the company after a host of quality and manufacturing flaws on Boeing planes,” according to reporting from CNBC on Monday. “Scrutiny intensified after a Jan. 5 accident, when a door plug blew out of a nearly new Boeing 737 Max 9 minutes into an Alaska Airlines flight.”