Boeing’s CEO Dave Calhoun to step down

Boeing’s President and CEO, Dave Calhoun, has announced that he will step down from the post of CEO by the end of 2024. He will remain in charge throughout the year to oversee the crucial ongoing tasks aimed at stabilising and positioning the company for future success.

Larry Kellner, the Chair of the Board, has informed the Board of his decision not to seek re-election at the upcoming annual shareholder meeting. The Board has chosen Steve Mollenkopf to take over from Kellner as an Independent Board Chair. Mollenkopf will be responsible for leading the Board in selecting Boeing’s next CEO.

Alongside these transitions, Stan Deal, President and CEO of Boeing Commercial Airplanes, will retire, and Stephanie Pope has been appointed to take his place, effective immediately.

Kellner has been a member of the Boeing Board for 13 years and has served as its chair since late 2019. During his tenure, he oversaw the formation of a new Board aerospace safety committee and led the recruitment of seven new independent directors with extensive expertise in engineering, safety, manufacturing, and aerospace.

Mollenkopf joined the Board of directors in 2020 and previously served as the CEO of Qualcomm. He holds bachelor’s and master’s degrees in electrical engineering.

Pope has been serving as Boeing’s Chief Operating Officer since January of this year. Previously, she held the positions of President and CEO of Boeing Global Services, where she led aerospace services for commercial, government, and aviation industry customers worldwide. She also served as the Chief Financial Officer of Boeing Commercial Airplanes and has held various roles across all Boeing business units. Her new role as President and CEO of Commercial Airplanes begins immediately.