David Calhoun, previously the board’s lead director, will replace Muilenburg as chairman.
The change will let Muilenburg focus full time on running the company as it works to return the 737 MAX safely to service, Boeing said.
:"The board has full confidence in Dennis as CEO and believes this division of labor will enable maximum focus on running the business with the board playing an active oversight role,” Calhoun said in a statement.: Boeing has been embroiled in controversy since two deadly crashes involving its 737 MAX jet resulted in the loss of 346 lives over the last year.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Boeing CEO loses chairman title as company separates roles after 737 Max crisisMnuchin said that the U.S. won't impose a new round of tariffs on imports of Chinese goods, which were set to go into effect Oct. 15.
Read more »
Boeing board separates CEO, chairman rolesBoeing Co. said late Friday its board voted to separate the roles of chief executive and chairman. The aviation company said Dennis Muilenburg will continue...
Read more »
Epic Chairman/CEO Sylvia Rhone Honored at Soaring City of Hope Spirit of Life GalaSylvia Rhone made history as the first African-American woman recipient of the City of Hope’s Spirit of Life Award Thursday night.
Read more »
Boeing's board separates CEO, chairman rolesBoeing separates chairman and CEO roles, saying the split will allow chief executive Dennis Muilenburg to focus full time on running the planemaker as it works to return the 737 MAX safely to service
Read more »
Boeing Strips CEO Of Chairman’s JobBoeing’s board stripped CEO Dennis Muilenburg of his dual role as chairman following two deadly crashes of its 737 MAX jet.
Read more »
Cracks were found in a key structural part on 38 Boeing jetsInspections of some older Boeing jets have turned up structural cracks in more than three dozen of them, raising a new safety issue for the company already dealing with two deadly crashes involving a newer version of the same plane. Boeing said Thursday that airlines worldwide have inspected 810 planes
Read more »