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Boeing CEO Dave Calhoun resigns

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Boeing CEO Dave Calhoun will step down at the end of the year, the company announced in a statement Monday.

The move comes amid the fallout from a high-profile safety failure aboard an Alaska Airlines flight in January, when a door plug exploded from Boeing’s 737 Max 9 plane as the plane was in flight.

In a statement Monday, Calhoun acknowledged the challenges Boeing faces.

“The eyes of the world are on us and I know we will emerge from this moment a better company,” Calhoun said. “We will remain steadfastly focused on completing the work we have done together to return our business to stability after the extraordinary challenges of the past five years, with safety and quality at the forefront of everything we do.”

Board Chairman Larry Kellner, a board member for nearly 15 years, plans to forgo his nomination for an additional term at the company’s annual shareholder meeting this spring, Boeing said .

Steve Mollenkopf, former CEO of chipmaker Qualcomm, will immediately take over as chairman of Boeing’s board and lead the search for a new chief executive, Boeing added.

PHOTO: Boeing CEO Dave Calhoun speaks to reporters on Capitol Hill on January 24, 2024 in Washington, DC.

Boeing CEO Dave Calhoun speaks to reporters on Capitol Hill January 24, 2024 in Washington, DC.

Anna Moneymaker/Getty Images, FILE

Calhoun, who served as CEO for four years, began his tenure following a previous security scandal.

In 2019, Boeing 737 Max aircraft were grounded around the world following two crashes in Indonesia and Ethiopia that killed a total of 346 people. The planes were allowed to take to the skies again in 2021, after a two-year ban.

The renewed review of the incident aboard Alaska Airlines Flight 1282 on Jan. 5 includes an investigation by a federal safety regulator and a criminal investigation by the Justice Department.

In a letter to employees Monday, Calhoun called on the struggling company to focus on opening as it navigates this difficult time.

“We must continue to respond to this accident with humility and complete transparency. We must also instill a total commitment to safety and quality at every level of our company,” Calhoun said.

“The eyes of the world are on us and I know we will emerge from this moment a better company, building on all the lessons we have accumulated working together to rebuild Boeing over the past several years,” he said. -he adds.

This is a developing story. Please check again for updates.

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