Boeing CEO to step down in broad management shake-up

Boeing is undergoing a significant leadership transition, as CEO Dave Calhoun announces his departure by the end of 2024, marking a pivotal moment in the company’s management overhaul.

Larry Kellner, the Chairman of the board, will also step down and will not seek re-election at Boeing’s upcoming annual meeting in May.

Taking his place as chair is Steve Mollenkopf, a Boeing director since 2020, who will spearhead the selection process for a new CEO.

Simultaneously, Stan Deal, the President and CEO of Boeing Commercial Airplanes, has departed from the company with immediate effect, CNBC reported.

READ MORE: https://www.cnbc.com/2024/03/25/boeing-ceo-board-chair-commercial-head-out-737-max-crisis.html

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