Boeing CEO Dave Calhoun to step down in wake of ongoing safety problems

Boeing’s CEO, Dave Calhoun, plans to leave the company by the end of the year, along with the chairman and the head of the commercial airplane unit. The chairman, Larry Kellner, will be succeeded by former Qualcomm CEO Steve Mollenkopf. Stan Deal, the CEO of Boeing Commercial Airplanes, is retiring and will be replaced by Stephanie Pope, Boeing’s chief operating officer. The company has faced significant challenges in recent years, including the grounding of the 737 Max and financial losses. Calhoun called the recent incident involving Alaska Airlines a turning point for Boeing and expressed a commitment to addressing the company’s issues and returning to stability.