Boeing boss Dave Calhoun will step down as chief executive of the aircraft manufacturer by year-end.
He will continue to lead Boeing until the end of 2024. The planemaker also said that Stan Deal, president and chief executive of Boeing Commercial Airplanes (BCA) division, will retire from the company. Stephanie Pope was appointed to lead BCA, effective Monday.
Pope has been serving as chief operating officer of Boeing since January.
Board chair Larry Kellner has informed the board that he does not intend to stand for re-election at the annual shareholder meeting.
The board has elected Steve Mollenkopf to succeed Kellner as independent board chair. Mollenkopf has served on the board since 2020. He was previously head of Qualcomm.
Mollenkopf will lead the board's process of selecting Boeing's next chief executive.