Boeing Announces Leadership Transitions Amid Stabilization Efforts

On Monday, Boeing’s chief executive officer and chairman, Dave Calhoun, announced his plan to step down from the role of chief executive by the end of 2024. He will remain at the helm to finish a critical phase aimed at stabilizing the company and positioning Boeing for the future. Calhoun described this period as a chance to solidify the progress made during challenging times and to ensure that safety and quality remain the top priorities as the company moves forward. He wrote to every Boeing employee, calling it the greatest privilege of his life to work for the company and expressing confidence that Boeing would navigate the current moment and emerge stronger. (Reuters)