Boeing CEO, other executives stepping down amid safety crisis
Three senior Boeing executives including its CEO are stepping down, the company said Monday, as the company continues to deal with an ongoing scandal and federal investigation into the safety of its passenger jets.
Three senior Boeing executives including its CEO are stepping down, the company said Monday, as the company continues to deal with an ongoing scandal and federal investigation into the safety of its passenger jets.
CEO Dave Calhoun confirmed he was leaving the company by the end of the year in a statement. Stan Deal, the CEO and president of Boeing Commercial Airplanes, has retired effective immediately. Larry Kellner, chair of the company's board of directors, will not stand for re-election at the next shareholders' annual meeting. Boeing board member and former Qualcomm CEO Steve Mollenkopf will succeed Kellner.
The company has been mired in a slew of negative stories since a door panel blew out on a Boeing 737 Max plane flown by Alaska Airlines in January. The fallout from that fateful flight shows no sign of stopping: The FBI informed passengers last week that they may have been the victims of a crime that the bureau is still investigating.
Despite Boeing announcing a range of measures to improve safety and committing to working with federal investigators, some passengers have spoken of feeling nervous climbing on board its aircraft.
Boeing CEO Dave Calhoun in the Hart Senate Office Building on Capitol Hill on Jan. 25.Aaron Schwartz / NurPhoto via Getty Images fileIn a letter to staff, posted on the Boeing website, Calhoun acknowledged that the Alaska Airlines incident had changed the company.
Rating: 5