- Shares of Boeing climbed Monday as a handful of company executives resigned.
- CEO Dave Calhoun will step down at the end of 2024, and Chairman Larry Kellner will opt out of re-election.
- Boeing has endured months of scrutiny following an in-air door blowout in January.
Boeing stock climbed Monday after the company announced its CEO Dave Calhoun and other executives will step down from leadership positions after months of scrutiny over the safety of its planes following January's door-plug incident aboard an Alaska Airlines 737 Max 9.
Shares of Boeing traded at $191 before noon in New York, about 1.3% higher.
"It has been the greatest privilege of my life to serve Boeing," Calhoun said in a letter to employees.
He will leave the company at the end of the year, and Chairman Larry Kellner will opt out of re-election for his position as chairman at the upcoming shareholder meeting.
Meanwhile, Stan Deal, the chief executive of Boeing's commercial planes division, will retire, effective immediately, and chief operating officer Stephanie Pope will take his position.
Boeing has endured significant scrutiny over the Alaska Airlines 737 Max 9 flight in January that saw its door blowout while the plane was airborne.
That led to the Federal Aviation Administration temporarily grounding 171 of the planes that had the same door plug, and it ordered Boeing to halt production for the 737 Max.
In his memo, Calhoun, who became CEO and president in January 2020, described the event as a "watershed" moment but said that he's been considering stepping down for some time.
"The eyes of the world are on us, and I know that we will come through this moment a better company," he added.
Boeing stock is down about 24% year-to-date.
You can read his full memo to staff here.
