Boeing’s Calhoun says board will decide his successor

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Boeing’s outgoing CEO David Calhoun is stepping down by the end of the year. The board is actively searching for his replacement, with speculation centering on Stephanie Pope, head of the commercial division, or an outsider with both CEO and engineering expertise.

Calhoun himself expressed his commitment to a smooth handover and pledged to support whoever is chosen.

This leadership change comes amidst ongoing challenges for Boeing. The company is recovering from the 737 MAX safety crisis, further complicated by a recent mid-air panel issue on a new MAX plane.

They face increased scrutiny from regulators and investors, with a potential criminal case looming over the 2018 and 2019 MAX crashes. Calhoun emphasized Boeing’s commitment to safety and transparency moving forward.

Source: Reuters

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