Boeing CEO Dave Calhoun to step down amid mounting safety crisis

Dave Calhoun, Boeing’s current CEO, will reportedly resign by December after scandals regarding the quality of the airline's safety, BBC reported.

This development is in line with the six month term given to Stan Deal, who serves as the commercial airlines division head, and Larry Kellner who has no intention of running for the chairman seat.

The aviation major faces scrutiny after a potential issue in January when old door blown off a Boeing 737 Max shortly after the take-off, which compared to renewed inspections of the company's safety and quality standards.

CFRA Research's Stewart Glickman pointed out the need to make changes to the corporate leadership, who according to him are the ones installed in the company, in place since time immemorial, and Boeing has remained unchanged for a long time, and they demand a courageous and visionary leader to resolve these deep-rooted issues. 

At the beginning of 2020, David Calhoun became a chief executive to succeed Dennis Muilenburg who had to get the scapegoat because of one of the crises in company history.

While Calhoun made an early pledge to create a safety culture and regain the trust, a recent incident with an Alaska Airlines flight stresses some issues are not yet addressed. 

The investigation began at the emergency exit door where was the implementation of the safety regulations, and because of this, criminal charges and lawsuit were filed against the wrongful parties. 

Calhoun showed how Boeing can use honesty and awe of what’s to come (to restore their reputation) by being transparent and being humble.