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Boeing President & CEO Dave Calhoun to Step Down, Deal to Retire

Our Bureau - : Mar 25, 2024 - : 10:11 pm

Boeing has announced that its current President & CEO Dave Calhoun will step down at the end of 2024; Calhoun will continue to lead the airframer through year-end.

Stan Deal, Boeing Commercial Airplanes President and CEO, will retire from the company and Stephanie Pope has been appointed to lead Boeing Commercial Airplanes (BCA), effective immediately.

The airframer has been beset with issues related to the aircraft it manufactures such as the 737 MAX, 787 and 777X. The continued quality challenges have delayed customer deliveries and also tarnished the company’s image.

“It has been the greatest privilege of my life to serve Boeing,” said Calhoun in a letter to employees. “The eyes of the world are on us, and I know that we will come through this moment a better company. We will remain squarely focused on completing the work we have done together to return our company to stability after the extraordinary challenges of the past five years, with safety and quality at the forefront of everything that we do.”

Pope had already been serving as CEO of Boeing since January 2024. Previously, she was president and chief executive officer of Boeing Global Services, where she was responsible for leading the company’s aerospace services for commercial, government and aviation industry customers worldwide. Prior, she was chief financial officer of Boeing Commercial Airplanes and has held positions in every Boeing business unit.

The airframer’s Independent Board Chair Larry Kellner has also announced his decision not to stand for re-election. Steve Mollenkopf has been appointed new chair.

Kellner had served on the Boeing Board for 13 years and served as its chair since late 2019. As chair, he oversaw the establishment of a new board aerospace safety committee, and during his tenure led the recruitment of seven new independent directors, bringing deep engineering, safety, manufacturing and aerospace expertise to Boeing’s board.

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