Boeing CEO Dave Calhoun Says He Will Step Down Amid Safety Fears

Boeing CEO Dave Calhoun will leave the company along with two other leading executives, the business announced Monday, amid intense scrutiny on the aircraft manufacturer following a series of high-profile safety problems.

The head of Boeing’s commercial aircraft business, Stanley Deal, is retiring immediately, while the company’s chairman, Larry Kellner, won’t seek re-election at an upcoming annual shareholder meeting.

“President and CEO Dave Calhoun today announced his decision to step down as CEO at the end of 2024, and he will continue to lead Boeing through the year to complete the critical work underway to stabilize and position the company for the future,” Boeing said in a statement.

Read more at The Daily Beast.