Boeing CEO Dave Calhoun to step down by end of year

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Boeing CEO Dave Calhoun to step down by end of year
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Calhoun will leave at the end of 2024. His announced departure comes after production problems at Boeing.

Boeing CEO Dave Calhoun is stepping down. The management shakeup comes as the aircraft manufacturer's struggles with production problems and a mid-air blowout of a door panel on one of its Boeing 737 Max 9 planes has spurred regulatory scrutiny.In a Monday statement, the company said Calhoun will remain in his role until the end of 2024 in order 'to lead Boeing through the year to complete the critical work underway to stabilize and position the company for the future.

'The management shakeup culminates a rocky few months for the aircraft manufacturer, amid scrutiny after an Alaska Airlines flight was forced to make an emergency landing in January after a door plug blew out minutes after departure. In February, a panel of aviation experts assembled by regulators found that Boeing had 'a lack of awareness of safety-related metrics at all levels.

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