2024-03-25 08:30:00 ET
Boeing Co (NYSE: BA) is trading up in premarket on Monday after Dave Calhoun announced plans of stepping down as its chief executive.
Boeing planes have had several incidents recently
The news follows a series of incidents with Boeing planes in recent months – including a door panel blowout in an Alaska Airlines flight in January. The aerospace giant said in a statement today:
Dave Calhoun [will] step down as CEO at the end of 2024. He’ll continue to lead Boeing through the year to complete the critical work underway to stabilise and position the company for the future.
Boeing did beat Street estimates in its latest reported quarter but cited the ongoing 737 MAX crisis as it skipped guidance at the time ( find out more ).
is currently down well over 20% for the year.
This is a developing story. Check back in a few minutes for more updates!
The post Boeing CEO Dave Calhoun to step down at the end of 2024 appeared first on Invezz