It is undeniable that Boeing has been in a significant crisis mode for years, dousing fires all along. Just when they had put behind them the issues with the Boeing 737 MAX and the two deadly crashes as a consequence of the MCAS issue and were limping back to normalcy, the Alaska Airlines door blowout put the focus back on the quality issues at Boeing and their suppliers.
Boeing CEO Calhoun and Stan Deal to step down
Today, Boeing President and CEO Dave Calhoun announced his decision to step down as CEO at the end of 2024. Calhoun was appointed to the job in late 2019 and took charge in 2020 after Boeing let go of its previous CEO, Dennis Muilenburg, for his handling of the aftermath of two deadly 737 Max crashes.
Dave Calhoun (Photo: Boeing)
Boeing Board Chair Larry Kellner has also informed the board that he does not intend to stand for re-election at the upcoming Annual Shareholder meeting. The board has elected Steve Mollenkopf to succeed Kellner as independent board chair. In this role, Mollenkopf will lead the board’s process of selecting Boeing’s next CEO. Mollenkopf has served on the board of directors since 2020. He was previously CEO of Qualcomm. He has bachelor’s and master’s degrees in electrical engineering.
In addition to these changes, Boeing Commercial Airplanes President and CEO Stan Deal will retire from the company, and Stephanie Pope has been appointed to lead BCA, effective today.
Incoming CEO of BCA Stephanie Pope (Photo: Boeing)
Pope has been serving as Boeing’s chief operating officer since January of this year. Previously, she was president and chief executive officer of Boeing Global Services, where she was responsible for leading the company’s aerospace services for commercial, government, and aviation industry customers worldwide. Prior to that, she was chief financial officer of Boeing Commercial Airplanes and has held positions in every Boeing business unit. She begins her role as President and CEO of Commercial Airplanes immediately.
Bottomline
Boeing has seen a massive overhaul at the top, with the top management exiting the company after the recent quality issues discovered after the Boeing 737 MAX door blowout at Alaska Airlines. CEO of Boeing, Dave Calhoun, will exit the company as of December 2024, CEO of the Airplanes division, Stan Deal, will exit the company immediately, and Stephanie Pope will take his job. The Chair of the board will also not apply for reelection.
What do you make of the turbulence at the Boeing top deck?
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They got away easy. Should be criminally prosecuted and put behind bars.
Hang on a minute. The VP for Manufacturing and Safety, Kimberly Pastega is staying on, the SVP for Quality Elizabeth Lund is still at her job. This is just window dressing for shareholders to convince them that something is being done. Half of their management team should go, immediately. No mention of Calhoun’s severance either. Can you imagine introducing yourself at an industry meeting as Boeing’s SVP of Quality?