Boeing Faces Leadership Overhaul Amid Safety Concerns and Turmoil

Boeing faces turmoil as CEO Dave Calhoun, board chair Larry Keller, and Stan Deal, head of commercial plane business, step down amidst safety concerns.

The company grapples with public trust erosion following incidents like the January panel explosion and a March incident where a Boeing aircraft lost a wheel mid-flight, causing damage. Share prices plummeted by 25%, reflecting investor unease.

Robert Pavlik of Dakota Wealth underscores Boeing’s need for decisive action beyond leadership changes. Ray Goforth of SPEEA emphasizes the need for systemic reform.

Calhoun acknowledges challenges, emphasizing transparency and commitment to safety. US airline executives convene with Boeing to address quality control, but Calhoun is absent from discussions.