Shares of Boeing (BA) are witnessing an uptick at the commencement of Monday’s trading session following the disclosure of a significant change in leadership. CEO Dave Calhoun is set to step down from his role by the conclusion of the year, while board chair Larry Kellner has declared his decision not to pursue reelection at the forthcoming annual shareholder meeting.
This restructuring in leadership emerges amidst a series of safety apprehensions that have exerted substantial pressure on the company’s functioning.