Report: Boeing CEO To Step Down

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On Monday, Boeing CEO Dave Calhoun announced in a message to employees he will step down by the end of the year.

Calhoun’s resignation follows years of safety concerns with Boeing aircraft including several incidents that occurred in March such as gear and engine failures. (RELATED:
‘Technical Event’ On Boeing Flight Leaves Dozens Injured)

“My decision to step down as CEO at the end of this year is one the board has been prepared for and will result in a number of changes at a management and governance level moving forward,” Calhoun wrote in the message.

“As we begin this period of transition, I want to assure you, we will remain squarely focused on completing the work we have done together to return our company to stability after the extraordinary challenges of the past five years, with safety and quality at the forefront of everything that we do,” he concluded.

Larry Kellner, chairman of the top jet manufacturer’s board, will also be resigning.

Read the full letter HERE.

The Federal Aviation Administration (FAA) found multiple possible safety concerns with the company’s operations in a February report and ordered the company to develop a comprehensive action plan to address its “systemic quality-control issues” within 90 days. (RELATED: FAA Orders Boeing To Fix Quality Issues Within 90 Days)

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