Boeing CEO Dave Calhoun will step down amid management shakeup

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Boeing CEO Dave Calhoun will step down amid management shakeup
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Calhoun joined Boeing in early 2020 as it struggled to recover from two deadly crashes. His departure comes as the company faces fresh scrutiny.

Three of Boeing’s top executives will leave the company ― including its chief executive, board chair and head of commercial airplanes ― as the company faces heightened scrutiny amid a host of quality control issues that came to light after a piece of an Alaska Airlines jet fell off midflight in January.

“We must continue to respond to this accident with humility and complete transparency,” he said. “The eyes of the world are on us, and I know we will come through this moment a better company, building on all the learnings we accumulated as we worked together to rebuild Boeing over the last number of years.”He also thanked Deal for his “tireless service as our leader during an uncommonly difficult period for our company and our industry.

Not long after the door blowout incident, the Justice Department began interviewing witnesses in connection with a criminal investigation, while an FAA audit identified multiple issues with quality control.Science teacher Bob Sauer found the missing Alaska Airlines door plug that was nestled in dense shrubbery in his backyard in Portland, Ore., on Jan. 7.

Even before the recent safety problems, some analysts questioned whether he had the right background to restore Boeing’s reputation for being an engineering-led company, rather than one critics charged was too focused on financial results. Before Boeing, Calhoun had been an executive at GE and Blackstone Group.

Richard Aboulafia, managing director at AeroDynamic Advisory, said the leadership change should give the company hope.

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