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Boeing CEO Dave Calhoun to Step Down Amid Leadership Shakeup

Boeing CEO Dave Calhoun will depart the company by the end of the year, along with two other top executives, as the aircraft giant faces increasing scrutiny following a string of high-profile safety issues.

Stan Deal, president and CEO of Boeing Commercial Airplanes (BCA), will also step down, effective immediately. Stephanie Pope, the COO, will take over for Deal. Pope oversaw the performance of Boeing’s three business units: Boeing Commercial Airplanes, Boeing Defense, Space, and Security, and Boeing Global Services.

Larry Kellner, the board’s chairman, has also announced plans to leave. He will be succeeded by Steve Mollenkopf, a Boeing director since 2020, who will oversee the selection of Boeing’s next CEO.

Boeing already replaced Ed Clark, head of its 737 Max program at the company’s Renton, WA, facility, earlier this year. Elizabeth Lund, SVP and general manager of Airplane Programs, has also been assigned to a newly created position that will oversee quality control activities.

The January 5 incident where a door plug blew off Alaska Airlines Flight 1282 at 16,000 feet “was a watershed moment for Boeing,” Calhoun said in a letter to employees. “We must continue to respond to this accident with humility and complete transparency. We also must inculcate a total commitment to safety and quality at every level of our company.”

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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