Boeing CEO Dave Calhoun plans to step down by the end of the year, along with the company’s chairman and head of the commercial airplane unit. The chairman, Larry Kellner, will not seek re-election to the board. Steve Mollenkopf, a board member, has been elected as the new chairman. Meanwhile, Stan Deal, CEO of Boeing Commercial Airplanes, is retiring, and Stephanie Pope, the unit’s chief operating officer, will take over the role immediately. Boeing has faced challenges over the past five years, including fatal crashes and safety concerns, resulting in significant financial losses. The situation is ongoing.
