The aviation giant, known for its aircraft manufacturing, has been under scrutiny due to a series of safety-related incidents, with the Federal Aviation Administration (FAA) highlighting potential safety issues in a report released in February. This report was a response to fatal crashes in 2018 and 2019 that claimed the lives of 346 individuals.
In his message, Calhoun stated, "My decision to step down as CEO at the end of this year is one the board has been prepared for and will result in a number of changes at a management and governance level moving forward."
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He further reassured employees by emphasizing the company's commitment to prioritizing safety and quality during this transitional phase, saying, "As we begin this period of transition, I want to assure you, we will remain squarely focused on completing the work we have done together to return our company to stability after the extraordinary challenges of the past five years, with safety and quality at the forefront of everything that we do."
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