Boeing’s CEO, Dave Calhoun, will be stepping down from the company by the end of 2024, according to official sources.
Boeing has faced challenges, including a recent cabin panel blowout incident and other safety issues within the company.
Boeing runs an innovation program for startups named Aerospace Xelerated, previously known as the Aerospace Technology Institute (ATI). The program collaborates with various aerospace startups, but the impact of Calhoun’s departure on this initiative remains unclear. TechCrunch has reached out to Aerospace Xelerated for a statement.
In a company update, Calhoun stated his intention to focus on steering the company through its current challenges and positioning it for future success in the months ahead.
In an unfortunate incident, a new 737 Max 9 jet belonging to Alaska Airlines had to make an emergency landing in January, resulting in the grounding of 171 Max 9 jets for a period of time.
This event marked one of the most significant safety crises for Boeing since the fatal crashes of two Max 8 jets in 2018 and 2019, claiming the lives of 346 individuals.
Moreover, Stan Deal, the head of Boeing’s commercial airplanes business (BCA), will also be departing from the company.
Stephanie Pope has been appointed to lead BCA, having previously served as the COO and CEO of Boeing Global Services, overseeing aerospace services for commercial, government, and aviation customers worldwide.
This story is developing and will be updated as new information emerges.
