Boeing CEO to Step Down in Overhaul Sparked by Safety Crisis (4)

Boeing Co. Chief Executive Officer Dave Calhoun is stepping down at the end of the year, part of a sweeping leadership overhaul as the planemaker struggles to get a handle on a spiraling safety crisis.

Chairman Larry Kellner will not stand for re-election, Boeing said in a statement Monday. Stan Deal, the embattled chief of Boeing’s commercial airplane division, is also departing immediately and will be replaced by Chief Operating Officer Stephanie Pope.

The shakeup reflects growing customer frustration as the crisis centering on the planemaker’s manufacturing quality and safety shows no signs of receding. Kellner, Calhoun and Deal ...