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Boeing CEO to step down by the end of the year

BREAKING: Boeing CEO to step down by end of the year
Dave Calhoun's announced departure comes as Boeing comes under greater scrutiny for its safety and quality processes (Image credit: @IanDewarPhotography/Adobe Stock)

Boeing chief Dave Calhoun has today announced he will step down as CEO by the end of the year.

The company said Calhoun, who has been CEO since 2020, will continue to lead Boeing through the year to “complete the critical work underway to stabilise and position the company for the future”.

His departure comes as Boeing’s safety crisis deepens. Since January, when the door fell off an Alaska Airlines 737 MAX 9 aircraft mid-flight, airlines have highlighted a number of safety concerns with their Boeing aircraft.

In a letter to employees, Calhoun said: “It has been the greatest privilege of my life to serve Boeing. 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.”

According to the Daily Mail, Wall Street has responded positively to the news. Shares have risen 3.6 per cent in premarket trading since the manufacturer announced Calhoun’s departure.

Speaking on The Aviation Briefing podcast in February, aviation journalist Sally Gethin hinted that Calhoun could resign over questions of responsibility following the Alaska Airlines incident.

She said: “I remember when Dennis Muilenburg was in charge of Boeing at the time of [the 2018 and 2019] crashes, and eventually he went.

“And I think there does need to be more scrutiny about who is leading Boeing and how they’re doing it, and perhaps introduce some difficult decisions there about who is actually leading the company – and maybe discovering who was responsible for what at what time.”

Timothy Loranger, a US lawyer representing seven passengers who were onboard the Alaska Airlines flight when the door fell off, told ARGS: “Boeing’s legacy continues its rapid descent with each new failure discovered in its manufacturing and maintenance processes.

“Once known for its ingenuity and its insistence upon a high level of integrity and quality, it is now gaining a reputation for cutting corners, seemingly putting profitability over safety.

“Systemic failures in safety implicate everyone in the chain of command starting at the top. In light of the resignation of the CEO and possibly others, it is critical that the investigation start with them and continue down the chain to understand the full scope of misconduct.”