Business

Boeing CEO resigns following major shakeup at Embattled Plane Maker

Boeing announced Monday that its chief executive, David Calhoun, would resign at the end of 2024 as part of a broad management shakeup, as the aircraft maker grapples with its biggest safety crisis in years.

Stan Deal, head of the commercial aircraft division, will retire immediately and will be replaced by Stephanie Pope, the company’s director of operations.

The company also announced that its president, Larry Kellner, would not seek reelection.

The management overhaul comes less than three months after a panel, known as a door jam, caused a Boeing Max 9 to explode during a Jan. 5 Alaska Airlines flight. The incident plunged the company into crisis five years after crashes in 2018 and 2019 of its Max 8 planes that killed nearly 350 people.

This is breaking news. Check back for updates.

Related Articles

Back to top button