And Now . . . .
Boeing CEO to step down in broad management shake-up as 737 Max crisis weighs on aerospace giant
https://www.cnbc.com/2024/03/25/boeing-ceo-board-chair-commercial-head-out-737-max-crisis.html
CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shake-up for the embattled aerospace giant.
Larry Kellner, chairman of the board, is also resigning and will not stand for reelection at Boeing’s annual meeting in May. He will be succeeded as chair by Steve Mollenkopf, who has been a Boeing director since 2020 and is a former CEO of Qualcomm. Mollenkopf will lead the board in picking a new CEO, Boeing said.
And Stan Deal, president and CEO of Boeing Commercial Airplanes, is leaving the company effective immediately. Moving into his job is Stephanie Pope, who recently became Boeing’s chief operating officer after previously running Boeing Global Services.
Golden Parachutes for all of the C-Suite ! ! !