Boeing CEO Dave Calhoun, board chair Larry Kellner, and commercial planes head Stan Deal are set to depart by year's end amid safety concerns and falling stock prices.

A recent 737 MAX incident has exacerbated investor worries, contributing to a 25% decline in Boeing shares.

The aerospace giant faces increased regulatory scrutiny and has imposed production limitations while considering the acquisition of Spirit AeroSystems.

Michael O'Leary of Ryanair supports the leadership overhaul, signaling industry recognition of the need for change at Boeing.

Stephanie Pope is tapped as the new head of Boeing Commercial Airplanes, with Steve Mollenkopf spearheading the CEO search.

Boeing's Board is streamlining, reducing its size and naming Mollenkopf as the independent Chair, indicative of a strategic pivot during a turbulent period for the industry.