Boeing’s management will undergo significant changes. Following the recent air travel safety crisis, CEO Dave Calhoun plans to resign near the end of the year. In 2024, many Boeing executives will be relieved of their positions as part of the upcoming management restructuring. According to reports, CEO Dave Calhoun will resign at the end of 2024. Larry Kellner, Boeing’s board chairman, will also leave after the company’s annual meeting in May. Finally, Stan Deal, president and CEO of Boeing Commercial Airplanes, has announced his resignation effective immediately.
What is Boeing 737 Max 9 January 5 incident?
On January 5, a commercial flight Boeing 737 Max 9 door plug blew out while the plane was ascending. The fatal Alaska Airlines debacle brought flight safety under new scrutiny. This is not the first time the Boeing 737 Max has been involved in an accident. They have previously experienced software glitches and two plane crashes.
The January mishap occurred 20 minutes after the flight from Portland, Oregon to Ontario, Canada took off. Previous reports described a loud, alarming sound that indicated the door plug coming off abruptly, leaving a hole in the plane’s side mid-air. Startled passengers saw mobile phones and other equipment, including a pilot’s headset, being sucked out by the changing pressure. Oxygen masks were also distributed so that they could breathe. Fortunately, no injuries were reported as pilots made an emergency landing in Portland shortly.
Boeing CEO Dave Calhoun began a series of meetings with Boeing’s director last week
Calhoun has attempted to tighten the chain of command in recent months, promising officials and the public that quality flaws will be addressed head-on. On Monday, he referred to the Alaska Airlines Flight 1282 accident as a “watershed moment for Boeing,” and urged employees to “continue to respond to this accident with humility and complete transparency”.
With the world’s eyes on them, airline CEOs began a series of meetings with Boeing’s director last week. They addressed the deteriorating manufacturing quality and declining 737 Max plane production.
Calhoun’s impending departure is strikingly similar to former CEO Dennis Muilenburg’s expulsion in 2019 following two fatal 737 Max plane crashes. Boeing’s stock has fallen by nearly 25% since the beginning of 2024, but it rose more than 2.8% in pre-market trading following Calhoun’s announcement on Monday.