Boeing CEO Dave Calhoun spoke with reporters following a meeting at Senator Mark Warner’s office on Capitol Hill on January 24, 2024, in Washington, DC.
This discussion occurred amidst Boeing’s decision to ground its 737 Max 9 aircraft fleet due to a recent accident.
The company is expected to see leadership changes, with Calhoun, Chairman Larry Kellner, and CEO of the commercial airplane unit, Stan Deal, stepping down by the end of 2024 as part of a restructuring initiative.
These changes come in response to mounting pressure from regulators and customers following quality control issues, including a door plug failure on a Boeing 737 Max 9 aircraft during an Alaska Airlines flight.
Delays in plane deliveries have further exacerbated challenges for airlines.
Calhoun’s decision to step down was described as personal, despite ongoing challenges during his tenure marked by efforts to address Boeing’s issues and restore trust.
Regulatory scrutiny from the FAA has intensified, leading to stricter monitoring and a temporary halt on production increases until quality standards are assured.
While some investors reacted positively to the leadership change, Boeing’s stock remains volatile, reflecting ongoing concerns about the company’s ability to navigate its current obstacles.
