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Boeing CEO, Dennis Muilenburg Removed

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Boeing CEO Dennis Muilenburg was ousted on Monday after a tumultuous period in which the company faced a series of setbacks, including two fatal crashes, delays and numerous issues with its 737 Max airplane. Boeing continues to struggle to get its most important product back in the air.

Chairman David Calhoun will take over as CEO, effective January 13, 2020.

Boeing (BA) said in a press release that its board of directors decided to part ways with Muilenberg in part because its customers and regulators no longer trusted the company’s decision-making.

“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,” the company said.

Boeing’s 737 Max, which was the company’s bestselling commercial jet, was grounded worldwide in March 2019 after two fatal crashes killed 346 people. It still hasn’t returned to flight, despite Boeing’s efforts to clear a software fix with regulators.

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The company said earlier this month that it would suspend production of the 737 Max starting in January. Boeing has continued to produce the 737 Max during its grounding, but uncertainty about when the federal regulators will clear the planes for flight has made production untenable. Boeing shifted its timeline for the 737 Max’s return to the skies several times throughout the year, as it became evident that it could not easily satisfy regulators’ concerns about the plane’s safety.

Boeing also lost lawmakers’ confidence, particularly after a former employee testified before Congress earlier this month that Boeing ignored safety concerns when building the 737 Max. One whistleblower suggested Boeing had a culture problem in which it cut corners to save on costs and made production mistakes.

Other problems have plagued Boeing during Muilenberg’s tenure. Another version of the 737 Max, an older version of 737 NG aircraft, was found to have structural cracks that forced airlines to inspect their fleets.

Credit: CNN

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