Boeing CEO, board chair to step down

Boeing (BA) shares are up by over 1% ahead of Monday's market close after announcing a leadership shakeup this morning. Boeing CEO Dave Calhoun will resign from his position by the year's end while board chair Larry Kellner will not seek reelection at the upcoming annual shareholder meeting. This leadership overhaul comes in the wake of numerous safety concerns around Boeing's manufacturing of its 737 Max jets. Yahoo Finance Senior Reporter Pras Subramanian breaks down the details. For more expert insight and the latest market action, click?here?to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith and updated by Luke Carberry Mogan.