ARLINGTON, Va., March 25,
2024 /PRNewswire/ -- Boeing [NYSE: BA] President and
CEO Dave Calhoun today announced his
decision to step down as CEO at the end of 2024, and he will
continue to lead Boeing through the year to complete the critical
work underway to stabilize and position the company for the
future.
Board Chair Larry Kellner has
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.
In addition to these changes, Stan
Deal, Boeing Commercial Airplanes President and CEO, will
retire from the company and Stephanie
Pope has been appointed to lead BCA, effective today.
"It has been the greatest privilege of my
life to serve Boeing," said Calhoun in a letter to employees. "The
eyes of the world are on us, and I know that we will come through
this moment a better company. We will remain squarely focused on
completing the work we have done together to return our company to
stability after the extraordinary challenges of the past five
years, with safety and quality at the forefront of everything that
we do."
Read Calhoun's letter to employees, here.
Kellner has served on the Boeing Board for 13 years and served
as its chair since late 2019. As chair, he oversaw the
establishment of a new board aerospace safety committee, and during
his tenure led the recruitment of seven new independent directors,
bringing deep engineering, safety, manufacturing and aerospace
expertise to Boeing's board.
"Boeing plays an essential role in our world,
and serving this company, and our people, has been a true honor,"
said Kellner. "After over a decade on the board and several years
as its chair, I have been considering the right time for a
transition of leadership on our board, and have been discussing
that subject with Dave and the board in conjunction with Dave's own
planning about his succession timeframe. I want to thank Dave for
his tremendous leadership of our company, and I know he will finish
the job this year that he started in 2020 to position Boeing, and
our employees, for a stronger future. With Dave's decision to
step down as CEO at the end of this year, now is the right time for
a transition to my successor. Steve is the ideal next leader to
take on the role of board chair, and it is important that the CEO
selection process be led by a new chair who will stay at the helm
as a partner to the new CEO. With a strong board, an excellent
management team and 170,000 dedicated Boeing employees, I am fully
confident in our company's future."
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.
"I am honored and humbled to step into this
new role," said Mollenkopf. "I am fully confident in this company
and its leadership – and together we are committed to taking the
right actions to strengthen safety and quality, and to meet the
needs of our customers. I also want to thank both Larry and Dave
for their exceptional stewardship of Boeing during a challenging
and consequential time for Boeing and the aerospace
industry."
Pope has been serving as chief operating officer of Boeing 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, 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.
As a leading global aerospace company, Boeing develops,
manufactures and services commercial airplanes, defense products
and space systems for customers in more than 150 countries. As a
top U.S. exporter, the company leverages the talents of a global
supplier base to advance economic opportunity, sustainability and
community impact. Boeing's diverse team is committed to innovating
for the future, leading with sustainability, and cultivating a
culture based on the company's core values of safety, quality and
integrity. Join our team and find your purpose at
boeing.com/careers.
Contact
Boeing Media Relations
media@boeing.com
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SOURCE Boeing