Boeing CEO Dave Calhoun to step down after a year marked by turbulences

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Boeing CEO Dave Calhoun to step down after a year marked by turbulences
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In a letter to employees, Calhoun called the Alaska Airlines incident 'a watershed moment for Boeing.'

FILE - Then-Nielsen Company CEO David Calhoun, center, watches progress as he waits for the company's IPO to begin trading, Jan. 26, 2011, on the floor of the New York Stock Exchange. Boeing CEO Dave Calhoun announced Monday that he will be stepping down at the end of the year after a series of mishaps with the manufacturer.

Board Chair Larry Kellner also told the company he doesn't plan to stand for re-election and Stan Deal, president and CEO of Boeing commercial airplanes unit, will retire.

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