Boeing's CEO, Dave Calhoun, is set to step down by the end of 2024 as part of a significant management overhaul within the aerospace giant. Alongside Calhoun, Stan Deal, Boeing's commercial planes president and CEO, will retire, with Stephanie Pope succeeding him. Calhoun will continue to lead Boeing through the year to complete crucial tasks aimed at stabilizing and positioning the company for the future. The leadership transition at Boeing comes amidst various challenges, including production constraints and regulatory scrutiny.

Boeing's share price, which has been on a downward trend, saw a slight uptick following Calhoun's announcement. Larry Kellner, the chairman of Boeing's board, will also resign during the annual meeting in May, with Steve Mollenkopf, a former chief executive of Qualcomm, taking over as the new chair. Mollenkopf will lead the process of selecting Boeing's next CEO. The management changes at Boeing are seen as a positive step, aiming to address recent challenges and prioritize safety, manufacturing, and customer relations. However, some industry analysts express concerns that a focus on operations and cost reduction may divert attention from investing in future technologies and strategic planning.