Editor’s note: This story has been updated with additional details.
Boeing Co. (NYSE:BA) CEO Dave Calhoun is set to resign by the end of 2024, marking a major leadership transition for the aerospace titan, the company said Monday.
This announcement is part of a comprehensive management overhaul as the company seeks to navigate through the the 737 Max crisis.
Calhoun, reflecting on his tenure, stated, “It has been the greatest privilege of my life to serve Boeing.” He emphasized the company’s commitment to surmounting its recent challenges, focusing on restoring stability, safety, and quality. “The eyes of the world are on us, and I know that we will come through this moment a better company,” Calhoun assured.
Alongside Calhoun’s planned departure, Boeing will see the resignation of its board chairman, Larry Kellner, who will officially leave his role at Boeing’s annual meeting in May. Kellner, who has been with the ...