Author Topic: Boeing's CEO Dennis Muilenburg Out  (Read 2243 times)

Offline KB4TEZ

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Boeing's CEO Dennis Muilenburg Out
« on: December 23, 2019, 09:36:56 AM »

Boeing CEO Dennis Muilenburg will leave his position in January 2020, the company's board of directors announced Monday, as the plane maker continues to battle the fallout from two 737 Max crisis that left its best-selling plane in crisis.

Muilenburg will be replaced by David L. Calhoun, Boeing's current chairman, on January 13 next year, according to the press release

"Under the Company's new leadership, Boeing will operate with a renewed commitment to full transparency, including effective and proactive communication with the FAA, other global regulators and its customers," it said.

The aviation giant has this year been gripped by a huge crisis over its handling of two crashes involving the 737 Max plane. The two crashes, in October 2018 and March 2019, killed a total of 346 people.

"Dave has deep industry experience and a proven track record of strong leadership, and he recognizes the challenges we must confront," a statement from Boeing said.
The statement did not explicitly mention the 737 Max crisis beyond Calhoun saying he believes in "the future of Boeing and the 737 Max."

"I am honored to lead this great company and the 150,000 dedicated employees who are working hard to create the future of aviation."

Shares of Boeing rose more than 3% in early-trading following the announcement.