Boeing is undergoing a significant leadership transition, as CEO Dave Calhoun announces his departure by the end of 2024, marking a pivotal moment in the company’s management overhaul.

Larry Kellner, the Chairman of the board, will also step down and will not seek re-election at Boeing’s upcoming annual meeting in May.

Taking his place as chair is Steve Mollenkopf, a Boeing director since 2020, who will spearhead the selection process for a new CEO.

Simultaneously, Stan Deal, the President and CEO of Boeing Commercial Airplanes, has departed from the company with immediate effect, CNBC reported.

Assuming his role is Stephanie Pope, who recently assumed the position of Boeing’s Chief Operating Officer, having previously led Boeing Global Services.

These changes unfold against a backdrop of mounting pressure from airlines and regulators, urging significant reforms within the company following a series of quality and manufacturing issues with Boeing aircraft.

The urgency heightened after an incident on January 5th, where a door plug malfunction occurred on a nearly new Boeing 737 Max just minutes into an Alaska Airlines flight.

Written by B.C Begley