Date: 2025-04-03 Page is: DBtxt003.php txt00017970
Company: Boeing
The Boeing 737 Max Crisis
Boeing CEO Dennis Muilenburg fired as 737 Max crisis continues
Peter Burgess
|
Date: 2025-04-03 Page is: DBtxt003.php txt00017970 | |||||||||
Company: Boeing | |||||||||
|
Burgess COMMENTARY Peter Burgess | |||||||||
| Boeing CEO Dennis Muilenburg fired as 737 Max crisis continues Boeing CEO Dennis Muilenburg speaks Dec. 6, 2018, at a business summit in Washington, D.C. The board of directors said Dec. 23, 2019, that Muilenburg is stepping down immediately. (JIM WATSON/Getty) Boeing’s CEO is stepping down amid ongoing problems at the company over the troubled 737 Max aircraft. The Chicago-based aircraft manufacturer said Monday that Dennis Muilenburg will depart immediately. The board’s current chairman, David Calhoun, will officially take over Jan. 13. inRead invented by Teads Boeing called Muilenberg’s exit from the CEO spot and the board a resignation, but its language in a news release announcing the leadership transition said otherwise. David L. Calhoun will become president and CEO of the Boeing Co. on Jan. 13, the Chicago-based company announced Dec. 23, 2019. (Boeing Co.) 'The Board of Directors decided that a change in leadership was necessary to restore confidence in the Company moving forward as it works to repair relationships with regulators, customers, and all other stakeholders,” said the news release, issued shortly before Wall Street opened. “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.' PAID POSTWhat Is This? [Video] SEE MORESponsored Content by hyundaiusa.com 'I strongly believe 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,” Calhoun said in a statement. At Chicago shareholders meeting, Boeing CEO defends safety work on 737 Max » The 737 Max was grounded in March, after crashed in Indonesia and Ethiopia killed a total of 346 people. A week ago, Boeing announced it would temporarily suspend production of the troubled plane, a move that will have trickle-down effects throughout its supply chain. As a result of that decision, United, American and Southwest airlines again pushed back the dates on which they expected the plane to return to their schedules. The three airlines had plans to increase the number of Max jets in their fleets this year, and had orders for dozens more of the aircraft in the coming years. Calhoun will remain a member of the company’s board. Board member Lawrence Kellner will become nonexecutive chairman. The company’s chief financial officer, Greg Smith, will serve as interim CEO during a brief transition period. Earlier this month, Boeing announced that John Hamilton, the chief engineer who defended the 737 Max, was retiring. Hamilton appeared alongside Muilenburg during congressional hearings in late October. | |||||||||