Boeing CEO Dennis Muilenburg Resigns

Boeing announced that Dennis Muilenburg resigned from his position as CEO and Board director at Boeing. The current Chairman, David L. Calhoun, will be the next CEO and President of Boeing from January 13, 2020. This development comes after CEO Muilenburg was removed from his position as Chairman of the Board.

This change was, in part, driven by the Board of Directors. Boeing’s Board felt that a leadership change was necessary as the aircraft manufacturer seeks to improve its standing. This year, the 737 MAX crisis has taken a toll on Boeing’s reputation and relationships with both customers and stakeholders.