Boeing CEO Dave Calhoun will step down at the end of the year, the company said in an announcement Monday.
In a statement on Monday, Calhoun acknowledged the challenges facing Boeing.
Board Chair Larry Kellner, a board member for nearly 15 years, plans to forgo nomination for an additional term at the company’s annual shareholder meeting this spring, Boeing said.
Steve Mollenkopf, former CEO of chipmaker Qualcomm, will immediately take over as Boeing board chair and lead the search for a new chief executive, Boeing added.
Boeing CEO Dave Calhoun speaks to reporters on Capitol Hill Jan. 24, 2024 in Washington, DC.
Calhoun, who served as CEO for four years, began his tenure in the aftermath of a previous safety scandal.
In 2019, Boeing 737 Max aircraft were grounded worldwide following a pair of crashes in Indonesia and Ethiopia that killed a combined 346 people. »