Boeing CEO Dave Calhoun to Step Down as Part of Leadership Shake-Up

Boeing announced that CEO Dave Calhoun will step down at the end of the year. Stan Deal, who leads Boeing's commercial aeroplanes division, will also retire immediately. Stephanie Pope will take on Deal's role as president and COO. Larry Kellner, a Boeing board member since 2020, will replace Calhoun as CEO. Some articles mention that Kellner did not intend to stand for re-election. Steve Mollenkopf will join the board and oversee the process to select the next CEO. There have been recent production problems at Boeing, leading to scrutiny and a broader management shake-up in response to the company's safety crisis.