Boeing chief executive Dave Calhoun to step down

David Calhoun has announced he will step down as chief executive of Boeing (AP Photo/Richard Drew, File)

Boeing chief executive Dave Calhoun has announced he 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.

Board chairman Larry Kellner has also told the company he does not plan to stand for re-election.