Boeing CEO Dave Calhoun, other senior executives to step down after series of high-profile safety incidents
Boeing has announced that its chief executive, Dave Calhoun, will depart from the company by the year’s end. Simultaneously, the head of its commercial airlines division will retire immediately, and the chairman will not seek re-election.
This decision comes amidst escalating challenges for the company, highlighted by an incident where an unused door blew out of a Boeing 737 Max shortly after take-off, prompting renewed scrutiny of Boeing’s safety and quality control protocols.
Dave Calhoun assumed the role of chief executive in early 2020 following the ousting of his predecessor, Dennis Muilenburg, in the wake of a significant scandal. This scandal unfolded when two new 737 Max aircraft were involved in nearly identical accidents within five months, resulting in the tragic loss of 346 passengers and crew.
Upon taking office, Mr. Calhoun pledged to enhance Boeing’s safety culture and restore trust in the company.
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Published: 25 Mar 2024, 06:48 PM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.