Boeing CEO David Calhoun Steps Down Amid Management Reshuffle

Boeing's CEO, David Calhoun, will step down at the end of 2024 as part of a major management reshuffle, while Stan Deal, head of the commercial planes division, will retire immediately. The company's chairman, Larry Kellner, will not stand for re-election. This comes as Boeing grapples with safety crises, including a recent incident involving a Max 9 plane. The Federal Aviation Administration has grounded similar planes and imposed limits on Boeing's production increase, while an audit found lapses in Boeing's Max production.