Boeing CEO to Step Down in 2023, Opening Door for New Leadership Amid Ongoing Probes

• Boeing CEO Calhoun has announced he will step down by end of 2024; leadership change comes amid investigations related to 737 Max crashes

• Analyst says move was "predictable and thoughtful" - gives company time to find replacement and allow Calhoun to continue critical work

• Boeing has large backlogs that stretch to 2030s; structurally there is still strong demand though company faces near-term struggles

• Possible successor could be recently promoted COO Stephanie Pope or an external hire with engineering/manufacturing expertise

• Transition plan seems positive as it allows ample time for Boeing to conduct search and ensure smooth leadership change