CHICAGO (dpa-AFX) - Shares of The Boeing Company (BA) are on the rise Monday
morning following the announcement that both its Chief Executive Officer and
Chairman will step down this year amidst the 737 Max safety crisis.

BA is currently trading at $190.49, up $1.64 or 0.87%, on the NYSE. The stock
opened its trading at $196.01 after closing Friday at $188.85. The stock has
traded between $ 176.25 and $267.54 in the past 52-week period.

Boeing President and CEO Dave Calhoun will step down as CEO at the end of 2024.
He will continue to lead Boeing through the year to complete the critical work
underway to stabilize and position the company for the future.

Meanwhile, Board Chairman Larry Kellner also informed the board that he does not
intend to stand for re-election at the upcoming Annual Shareholder meeting. The
board has elected Steve Mollenkopf to succeed Kellner as independent board
chair.

Further, Stan Deal, Boeing Commercial Airplanes President and CEO, will retire
from the company and Stephanie Pope has been appointed to lead BCA.



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