Boeing Axes CEO Dennis Muilenburg Amid Big 737 Max Crisis
Boeing announced Monday, Dennis Muilenburg is resigning from his position as CEO after months of fall-out following two deadly plane crashes.
Current chairman David L. Calhoun will take over as CEO and President beginning January 13, with CFO Greg Smith set to serve as interim CEO until then, Boeing added in a statement. Board member Lawrence Kellner will become non-executive chairman of the board, effective immediately.
Monday’s announcement marks the latest in a series of executive changes for Boeing amid the 737 Max developments. In October, the company replaced Kevin McAllister, its head of commercial aircraft division since 2016, with Stan Deal, who most recently led Boeing’s global services business.The Board removed Muilenburg from his position as Chairman of the Board in October and replaced him with Calhoun, in a move said at the time to be aimed at giving Muilenburg an opportunity to focus full-time on getting the 737 Max back to service.