Boeing CEO, board chairman to step down

Boeing President and CEO Dave Calhoun announced today he would step down at the end of 2024, while Chairman of the Board Larry Kellner said he wouldn't stand for re-election at the company's upcoming annual shareholder meeting.

Steve Mollenkopf, the former CEO of Qualcomm who served on Boeing's board since 2020, was subsequently elected to succeed Kellner as independent board chair.

"In this role, Mollenkopf will lead the board's process of selecting Boeing's next CEO," a company statement reads.

Additionally, Stephanie Pope has been appointed to lead Boeing Commercial Airplanes as president and CEO, replacing Stan Deal who announced his retirement.