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Effective January 13, 2020, current Boeing board chairman David Calhoun will take over as CEO and president. CEO and board director Dennis Muilenburg has resigned, according to Boeing, “effective immediately.” Lawrence Kellner, also a board member, is now non-executive chairman of the board.
According to a Boeing statement issued this morning, “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. 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.” Boeing did not release any information about severance pay for Muilenburg. A Boeing spokesman told AIN, "The board is focused on the leadership transition. They will provide additional information on compensation matters in the future."
Muilenburg became Boeing president and COO in 2013 and replaced Jim McNerney as CEO in 2015. Muilenburg’s previous positions included president and CEO of Boeing Defense Space & Security and president of that unit’s Global Services & Support business. He also led Boeing’s Combat Systems division.
In mid-October, Boeing’s board separated the roles of chairman and CEO, moving Calhoun into the non-executive chairman role while Muilenburg remained as president and CEO. This move was intended to allow Muilenburg to focus on returning the 737 Max to service, following the airplane’s worldwide grounding resulting from two crashes in Indonesia and Ethiopia that killed 346 people. Recertification of the 737 Max has been pushed well into 2020, and more than 400 new Maxs await approval to be delivered to customers and begin commercial operation.
"I strongly believe in the future of Boeing and the 737 Max,” Calhoun said. “I am honored to lead this great company and the 150,000 dedicated employees who are working hard to create the future of aviation."