Boeing CEO to step down in wake of ongoing safety problems

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Boeing CEO to step down in wake of ongoing safety problems
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Boeing CEO David Calhoun will step down from the embattled plane maker at the end of the year after a series of mishaps at one of America’s most storied manufacturers.

Boeing CEO David Calhoun will step down from the embattled plane maker at the end of the year as part of a broader management shakeup after a series of mishaps at one of America’s most storied manufacturers.

The Federal Aviation Administration has stepped up its scrutiny of the company, including putting a limit on production of 737s. An FAA audit of Boeing’s 737 factory near Seattle gave the company failing grades on nearly three dozen aspects of production.Airline executives have expressed their frustration with the company, and even seemingly minor incidents involving Boeing jets have attracted extra attention.

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