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Dave Calhoun, the CEO of Boeing has announced plans to resign amid a sweeping overhaul of the planemaker’s management as it fights to repair its reputation following a terrifying cabin panel blowout.
According to a March 25 announcement from the planemaker, Calhoun will step down at the end of this year. Larry Kellner, chair of Boeing’s board of directors, will also leave the role.
Calhoun plans to “complete the critical work under way to stabilize and position the company for the future” over the coming months, the announcement said.
Stan Deal, who leads Boeing’s commercial airplanes business, has also left the job with immediate effect. He has been replaced by Stephanie Pope, the group’s chief operating officer.
Read More: Boeing Sees Massive Cash Drain as 737 Max Episode Takes Toll
“The eyes of the world are on us, and I know that we will come through this moment a better company,” Calhoun said in a letter to Boeing employees. “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 Guardian, Steve Mollenkopf, who has been on Boeing’s board of directors since 2020, has been lined up to replace Kellner as its chair. Mollenkopf will lead the search for Calhoun’s replacement.
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